Shoe Carnival, Inc. (NASDAQ:SCVL).
Equity analyst Wedbush released its first research report on the stock with a rating of “Outperform”.
In the market the company is trading up from yesterday’s close of 19.13. The company recently declared a dividend for shareholders payable on Monday October 16th, 2017. The dividend payment will be $0.075 per share for the quarter which comes to $0.30 on an annualized basis. This dividend amount will represent a yield of $1.55. The ex-dividend date will be on Thursday June 29th, 2017.
The stock is trading at $20.45 significantly higher than $17.66, the stock’s 50 day moving average and marginally under the 200 day moving average of $20.94. The 50 day moving average went up $2.79 or +15.82% and the 200 day average moved down $-0.49.
Shoe Carnival, Inc., launched on April 3, 1996, is a family footwear retailer. The Business’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com. The Business’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic for the entire family in four general categories-women’s, men’s, children’s and athletics..
The company’s P/E ratio is 16.91 and the market cap of the company is 348.04M. In the latest earnings report the EPS was $1.21 and is projected to be $1.43 for the current year with 17,019,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.08 and the next full year EPS is anticipated to be $1.59.
Traders are more bearish on Shoe Carnival, Inc. as indicated by the uptick in short interest. The firm recorded a rise in short interest of 10.67% between August 15, 2017 and August 31, 2017. Short shares grew 125,862 over that timeframe. With short interest at 1,305,407 and short average daily volume at 475,983, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.08% as of August 31.