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Friday, June 9, 2023

The Question Is Whether To Buy Or Not To Buy Shoe Carnival Inc. (NASDAQ: SCVL)

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 $20.38. The Shoe Carnival Inc. has recorded 9,610 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Shoe Carnival Reports First Quarter Fiscal 2023 Results.

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Stocks Info

Shoe Carnival Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Apparel Retail industry. At the end of the last regular session, the stock closed at $20.38 and fluctuated between $22.07 as its day high and $19.97 as its day low. The current market capitalization of Shoe Carnival Inc. is $587.35M. A total of 0.92 million shares were traded on the day, compared to an average of 361.14K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SCVL has seen 9 BUY and 6 SELL insider trades, representing the acquisition of 134,927 and the disposition of 58,145 shares. Over the last 12 months, there were 16 BUYs and 12 SELLs from insiders. Insiders purchased 160,414 shares during that period but sold 77,130.

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.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Shoe Carnival Inc. pays an annual dividend of $0.46, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 5.15. SCVL’s most recent ex-dividend date was 3/31/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 4/17/2023. Previously, the company paid the dividend on 1/23/2023 with an ex-dividend date of 1/6/2023. The SCVL stock dividend was $0.09 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SCVL in the last 3 months, the mean price target is $38.33 with high estimates of $55.00 and low estimates of $25.00. In terms of 52-week highs and lows, SCVL has a high of $29.70 and a low of $19.42.

As of this writing, SCVL has an earnings estimate of $Societal CDMO, Inc. per share for the current quarter. EPS was calculated based on a consensus of Shoe Carnival, Inc. estimates, with a high estimate of $Swvl Holdings Corp per share and a lower estimate of $Stepan Company.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SCVL’s latest balance sheet shows that the firm has $132.40M in Cash & Short Term Investments as of fiscal 2022. There were $246.35M in debt and $153.71M in liabilities at the time. Its Book Value Per Share was $19.36, while its Total Shareholder’s Equity was $452.53M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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.

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