Jefferies Reaffirms Their Hold Rating on Shoe Carnival

By Jason Carr

Jefferies analyst Randal Konik reiterated a Hold rating on Shoe Carnival (NASDAQ: SCVL) today and set a price target of $20. The company’s shares opened today at $20.10.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -1.2% and a 47.5% success rate. Konik covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Eros International Plc, and Abercrombie Fitch.

Currently, the analyst consensus on Shoe Carnival is Moderate Buy and the average price target is $20, representing a -0.5% downside.

In a report released yesterday, Susquehanna also reiterated a Hold rating on the stock with a $19 price target.

Based on Shoe Carnival’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $253 million and quarterly net profit of $8.12 million. In comparison, last year the company earned revenue of $232 million and had a net profit of $4.02 million.

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Shoe Carnival, Inc. operates as a footwear retailer. The company offers dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. It also provides accessories, such as handbags, sport bags, slippers, cold weather, shoe care items and socks.