At the time of writing, Shoe Carnival, Inc [SCVL] stock is trading at $21.83, down -2.85%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCVL shares have lost -3.49% over the last week, with a monthly amount drifted -20.65%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Shoe Carnival, Inc [NASDAQ: SCVL] stock has seen the most recent analyst activity on March 19, 2024, when Monness Crespi & Hardt downgraded its rating to a Neutral. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on February 15, 2024, and elevated its price target to $33. On November 17, 2023, Monness Crespi & Hardt reiterated its Buy rating and revised its price target to $27 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $53 on January 18, 2022. Monness Crespi & Hardt initiated its recommendation with a Buy and recommended $42 as its price target on August 19, 2021. Pivotal Research Group reiterated a Buy rating for this stock on May 20, 2021, and upped its price target to $81. In a note dated May 17, 2021, Pivotal Research Group reiterated an Buy rating on this stock and boosted its target price from $68 to $74.
For the past year, the stock price of Shoe Carnival, Inc fluctuated between $21.75 and $46.92. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Shoe Carnival, Inc [NASDAQ: SCVL] shares were valued at $21.83 at the most recent close of the market. An investor can expect a potential return of 110.72% based on the average SCVL price forecast.
Analyzing the SCVL fundamentals
According to Shoe Carnival, Inc [NASDAQ:SCVL], the company’s sales were 1.22B for trailing twelve months, which represents an -4.07% plunge. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.46 points at the first support level, and at 21.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.28, and for the 2nd resistance point, it is at 22.73.
Ratios To Look Out For
It is important to note that Shoe Carnival, Inc [NASDAQ:SCVL] has a current ratio of 3.88. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 8.03.
Transactions by insiders
Recent insider trading involved WEAVER DELORES B, 10% Owner, that happened on Dec 06 ’24 when 0.29 million shares were purchased. CHAIRMAN OF THE BOARD, WEAVER WAYNE J completed a deal on Dec 06 ’24 to buy 0.29 million shares. Meanwhile, Director Guthrie Andrea R. sold 702.0 shares on Dec 02 ’24.
