Its Stock Has Paid Off Big Time For Shoe Carnival Inc.

Shoe Carnival Inc. (NASDAQ: SCVL) stock fell -0.49% on Friday to $22.21 against a previous-day closing price of $22.32. With 0.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $22.36 whereas the lowest price it dropped to was $21.86. The 52-week range on SCVL shows that it touched its highest point at $29.47 and its lowest point at $19.24 during that stretch. It currently has a 1-year price target of $29.33. With its current market cap of 610.77 million, SCVL has annualized dividend of $0.38 while the current yield stands at 1.71%. Beta for the stock currently stands at 1.43.

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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 4.96%, but this was down by -9.79% over a month. Three-month performance dropped to -0.40% while six-month performance fell -9.49%. The stock lost -2.29% in the past year, while it has lost -7.11% so far this year. A look at the trailing 12-month EPS for SCVL yields 3.28 with Next year EPS estimates of 3.44. For the next quarter, that number is 0.98. This implies an EPS growth rate of -26.90% for this year and 11.22% 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 41.00%.

Float and Shares Shorts:

At present, 27.34 million SCVL shares are outstanding with a float of 17.88 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.63 million, which was 9.63% higher than short shares on Jul 30, 2023. In addition to Mr. Mark J. Worden as the firm’s Pres, CEO & Director, Mr. Marc A. Chilton serves as its Exec. VP & COO.

Institutional Ownership:

Through their ownership of 68.54% of SCVL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.86% of SCVL, in contrast to 37.14% held by mutual funds. Shares owned by individuals account for 30.99%. As the largest shareholder in SCVL with 9.45% of the stake, BlackRock Fund Advisors holds 2,584,051 shares worth 2,584,051. A second-largest stockholder of SCVL, Dimensional Fund Advisors LP, holds 2,193,046 shares, controlling over 8.02% of the firm’s shares. Copeland Capital Management LLC is the third largest shareholder in SCVL, holding 1,252,466 shares or 4.58% stake. With a 4.38% stake in SCVL, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,196,208 shares are owned by the mutual fund manager. The DFA US Small Cap Value Portfolio, which owns about 2.47% of SCVL stock, is the second-largest Mutual Fund holder. It holds 674,766 shares valued at 15.61 million. Vanguard Total Stock Market ETF holds 1.80% of the stake in SCVL, owning 491,916 shares worth 11.38 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SCVL since 0 analysts follow the stock currently. 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 $35.00 and a low target of $20.00, the average target price over the next 12 months is $29.33. Based on these targets, SCVL could surge 57.59% to reach the target high and fall by -9.95% to reach the target low. Reaching the average price target will result in a growth of 32.06% 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.

Summary of Insider Activity:

Insiders traded SCVL stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 21,462 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 187,675 while 72,465 shares were sold.

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