The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) reached all time high today, Nov, 22 and still has $32.28 target or 6.00% above today’s $30.45 share price. This indicates more upside for the $565.39M company. This technical setup was reported by Barchart.com. If the $32.28 PT is reached, the company will be worth $33.92M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 55,341 shares traded hands. Shoe Carnival, Inc. (NASDAQ:SCVL) has risen 9.78% since April 20, 2016 and is uptrending. It has outperformed by 5.22% the S&P500.
Shoe Carnival, Inc. (NASDAQ:SCVL) Ratings Coverage
Out of 6 analysts covering Shoe Carnival (NASDAQ:SCVL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Shoe Carnival has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) earned “Buy” rating by Zacks on Friday, September 4. On Tuesday, June 7 the stock rating was initiated by Sidoti with “Neutral”. Standpoint Research upgraded the shares of SCVL in a report on Friday, December 11 to “Buy” rating. The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) has “Neutral” rating given on Thursday, November 12 by Susquehanna. Sterne Agee CRT maintained the shares of SCVL in a report on Friday, May 20 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Thursday, September 1. As per Wednesday, March 30, the company rating was downgraded by Standpoint Research. The rating was downgraded by Zacks to “Buy” on Tuesday, August 18.
According to Zacks Investment Research, “Shoe Carnival, Inc. is a high volume, value-oriented retailer of family footwear. They adhere to a highly promotional marketing concept that enables them to be competitive in the retail markets they enter. They provide a selection and variety of footwear normally associated with a category killer superstore in an exciting retail environment.”
Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.83, from 0.66 in 2016Q1. The ratio increased, as 13 funds sold all Shoe Carnival, Inc. shares owned while 40 reduced positions. 7 funds bought stakes while 28 increased positions. They now own 12.06 million shares or 3.95% less from 12.55 million shares in 2016Q1.
Deutsche Commercial Bank Ag owns 18,742 shares or 0% of their US portfolio. Vanguard last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement owns 13,983 shares or 0% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Shoe Carnival, Inc. (NASDAQ:SCVL) for 23,851 shares. State Street Corporation has 295,703 shares for 0% of their US portfolio. Macquarie Group has 0% invested in the company for 40,700 shares. Picton Mahoney Asset Management has invested 0.01% of its portfolio in Shoe Carnival, Inc. (NASDAQ:SCVL). Moreover, Fincl Bank Of Montreal Can has 0% invested in Shoe Carnival, Inc. (NASDAQ:SCVL) for 64 shares. Moreover, Menta Ltd Liability has 0.03% invested in Shoe Carnival, Inc. (NASDAQ:SCVL) for 10,140 shares. Blackrock Institutional Tru Company Na has 0% invested in the company for 371,493 shares. Tfs Ltd Liability Company accumulated 0.04% or 8,935 shares. Shell Asset Mgmt Commerce last reported 16,158 shares in the company. Group reported 8,236 shares or 0% of all its holdings. Alexandria Capital Lc has 0.01% invested in the company for 1,735 shares. Schwab Charles Inv Mgmt has 61,331 shares for 0% of their US portfolio.
More news for Shoe Carnival, Inc. (NASDAQ:SCVL) were recently published by: Equitiesfocus.com, which released: “Shoe Carnival, Inc. (NASDAQ:SCVL) Stock Gets Revised Target Of $27.67” on November 22, 2016. Footwearnews.com‘s article titled: “Shoe Carnival Misses Q1 Forecasts, Maintains Outlook” and published on May 19, 2016 is yet another important article.
SCVL Company Profile
Shoe Carnival, Inc., incorporated on April 3, 1996, is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children. The Company’s stores also carry accessories, such as socks, belts, shoe care items, handbags, jewelry, scarves and wallets. It classifies athletic shoes by functionality, such as running, basketball or fitness shoes. The Company’s average store carries approximately 27,100 pairs of shoes in over four general categories: women’s, men’s, children’s and athletics.
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