Shoe Carnival Gets a Hold Rating from Jefferies

By Ryan Adsit

Jefferies analyst Randal Konik reiterated a Hold rating on Shoe Carnival (NASDAQ: SCVL) today and set a price target of $21. The company’s shares closed yesterday at $18.63, close to its 52-week low of $18.53.

According to TipRanks.com, Konik is ranked 0 out of 5 stars with an average return of -2.5% and a 41.8% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Shoe Carnival has an analyst consensus of Hold, with a price target consensus of $22.67.

Based on Shoe Carnival’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $234 million and GAAP net loss of $892K. In comparison, last year the company earned revenue of $260 million and had a net profit of $10.45 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. The company’s primary activity is the sale of footwear and related products through retail stores operated by the company in the Midwest, South and Southeast regions of the United States. Shoe Carnival was founded in 1978 and is headquartered in Evansville, IN.