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Wednesday, February 1, 2023

Shoe Carnival Inc. (NASDAQ: SCVL) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Shoe Carnival Inc. (SCVL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $23.91. The Shoe Carnival Inc. has recorded 9,406 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Shoe Carnival Announces New $50 Million Share Repurchase Program and Declares Quarterly Cash Dividend.


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Stocks Info

The company is listed on the NASDAQ and operates within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $23.91 and fluctuated between $24.50 as its day high and $23.81 as its day low. The current market capitalization of Shoe Carnival Inc. is $669.00M. A total of 0.29 million shares were traded on the day, compared to an average of 349.59K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SCVL has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 1,154 shares. Over the last 12 months, there were 18 BUYs and 8 SELLs from insiders. Insiders purchased 160,518 shares during that period but sold 29,894.

In the most recent transaction, Guthrie Andrea R. sold 1,154 shares of SCVL for 26.06 per share on Nov 30. After the transaction, the Director now owns 25,244 company shares. In a previous transaction on Aug 30, Guthrie Andrea R. sold 1,665 shares at 24.04 per share. SCVL shares that Director owns now total 26,398.

Among the insiders who bought shares, Tomm Charles B. acquired of 2,000 shares on Jun 06 at a per-share price of $27.30. This resulted in the Director holding 2,000 shares of SCVL after the transaction. In another insider transaction, Tomm Charles B. bought 4,000 shares at $26.90 per share on Jun 01. Company shares held by the Director now total 23,324.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Shoe Carnival Inc. pays an annual dividend of $0.43, resulting in a dividend yield of 1.80%, and it has a price to earnings (P/E) ratio of 6.15. SCVL’s most recent ex-dividend date was 1/6/2023 when it declared a $0.09 quarterly dividend that was paid in cash on 1/23/2023. Previously, the company paid the dividend on 10/18/2022 with an ex-dividend date of 10/3/2022. The SCVL stock dividend was $0.09 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SCVL in the last 3 months, the mean price target is $42.00 with high estimates of $55.00 and low estimates of $31.00. In terms of 52-week highs and lows, SCVL has a high of $41.71 and a low of $19.42.

As of this writing, SCVL has an earnings estimate of $1.14 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.08. The company reported an EPS of $0.95 in the last quarter, which was 10.50% higher than expectations of $0.86.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCVL is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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