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Friday, September 29, 2023

Shoe Carnival Inc. (SCVL): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Shoe Carnival Inc. (SCVL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.43, or -1.94%, to $21.78. The Shoe Carnival Inc. has recorded 63,770 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Shoe Carnival Drives Growth in Third-Party Ecommerce Sales Powered by CommerceHub.

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Stocks Info

This NASDAQ-listed company operates within the Apparel Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $22.21 and fluctuated between $22.36 as its day high and $21.86 as its day low. The current market capitalization of Shoe Carnival Inc. is $610.77M. A total of 0.68 million shares were traded on the day, compared to an average of 296.97K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SCVL has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 21,462 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 11 SELLs from insiders. Insiders purchased 187,675 shares during that period but sold 72,465.

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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Shoe Carnival Inc. pays an annual dividend of $0.38, resulting in a dividend yield of 1.71%, and it has a price to earnings (P/E) ratio of 6.78. SCVL’s most recent ex-dividend date was 7/3/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 7/19/2023. Previously, the company paid the dividend on 4/17/2023 with an ex-dividend date of 3/31/2023. The SCVL stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SCVL in the last 3 months, the mean price target is $29.33 with high estimates of $35.00 and low estimates of $20.00. In terms of 52-week highs and lows, SCVL has a high of $29.47 and a low of $19.24.

As of this writing, SCVL has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.93. The company reported an EPS of $0.6 in the last quarter, which was -13.00% lower than expectations of $0.69.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $20.32, while its Total Shareholder’s Equity was $452.53M.

Analysts Opinion

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. 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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