The growth track for Shoe Carnival Inc. (SCVL) has changed recently

Shoe Carnival Inc. (NASDAQ: SCVL) stock jumped 9.80% on Wednesday to $22.07 against a previous-day closing price of $20.10. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $22.31 whereas the lowest price it dropped to was $20.29. The 52-week range on SCVL shows that it touched its highest point at $46.21 and its lowest point at $19.42 during that stretch. It currently has a 1-year price target of $42.00. With its current market cap of 615.53 million, SCVL has annualized dividend of $0.32 while the current yield stands at 1.45%. Beta for the stock currently stands at 1.37.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SCVL was up-trending over the past week, with a rise of 2.89%, but this was down by -10.68% over a month. Three-month performance dropped to -1.25% while six-month performance fell -30.53%. The stock lost -36.08% in the past year, while it has lost -43.53% so far this year. A look at the trailing 12-month EPS for SCVL yields 4.35 with Next year EPS estimates of 4.41. For the next quarter, that number is 1.14. This implies an EPS growth rate of 865.20% for this year and 11.73% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 53.30%.

Float and Shares Shorts:

At present, 27.59 million SCVL shares are outstanding with a float of 16.93 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.01 million, which was 7.29% higher than short shares on Jun 14, 2022. In addition to Mr. Mark J. Worden as the firm’s Pres, CEO & Director, Mr. W. Kerry Jackson serves as its Sr. EVP, Chief Financial & Admin. Officer and Treasurer.

Institutional Ownership:

Through their ownership of 67.10% of SCVL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.21% of SCVL, in contrast to 37.06% held by mutual funds. Shares owned by individuals account for 27.12%. As the largest shareholder in SCVL with 9.65% of the stake, BlackRock Fund Advisors holds 2,661,063 shares worth 2,661,063. A second-largest stockholder of SCVL, Dimensional Fund Advisors LP, holds 2,084,001 shares, controlling over 7.55% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SCVL, holding 1,377,045 shares or 4.99% stake. With a 4.61% stake in SCVL, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,270,296 shares are owned by the mutual fund manager. The DFA US Small Cap Value Portfolio, which owns about 1.94% of SCVL stock, is the second-largest Mutual Fund holder. It holds 534,145 shares valued at 12.71 million. Vanguard Total Stock Market Index holds 1.67% of the stake in SCVL, owning 460,003 shares worth 10.94 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SCVL since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SCVL analysts setting a high price target of $55.00 and a low target of $31.00, the average target price over the next 12 months is $42.00. Based on these targets, SCVL could surge 149.21% to reach the target high and rise by 40.46% to reach the target low. Reaching the average price target will result in a growth of 90.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SCVL will report FY 2023 earnings on 03/28/2023. Analysts have provided yearly estimates in a range of $4.03 being high and $3.86 being low. For SCVL, this leads to a yearly average estimate of $3.95. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Shoe Carnival Inc. surprised analysts by $0.03 when it reported $1.05 EPS against a consensus estimate of $1.02. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is $1.19 and the low estimate is $1.08. The average estimate for the next quarter is thus $1.14.

Dividends & Yield:

In terms of dividends, SCVL has a current ratio of $0.36, which is $0.36 over the trailing 12-months, while a dividend of $0.19 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SCVL currently yields $1.45. In the past year, SCVL’s dividend yield has been $1.45, but when looking at the stock over the past five years, its yield has been $1.0. Accordingly, SCVL has a current buyback yield of $3.86. This was $3.86 for the TTM, and it was $5.85 for the past five years.

Summary of Insider Activity:

Insiders traded SCVL stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 6,000 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 398,562 while 27,067 shares were sold.

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