Sidoti & Co. Initiates Coverage on Shoe Carnival to Neutral

Sidoti & Co. Initiates Coverage on Shoe Carnival(NASDAQ:SCVL). The shares have been rated Neutral. The rating by Sidoti & Co. was issued on Jun 7, 2016.

In a different note, On May 20, 2016, Jefferies said it Maintains its rating on Shoe Carnival. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 30, 2016, Standpoint Research said it Downgrades its rating on Shoe Carnival. The shares have been rated ‘Hold’ by the firm.

Shoe Carnival (SCVL) shares turned negative on Fridays trading session with the shares closing down -0.33 points or -1.33% at a volume of 1,23,121. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.98. The peak price level was also seen at $24.98 while the days lowest was $24.44. Finally the shares closed at $24.51. The 52-week high of the shares is $30 while the 52-week low is $17.36. According to the latest information available, the market cap of the company is $481 M.

Shoe Carnival(SCVL) last announced its earnings results on May 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $260.47M. Analysts had an estimated revenue of $263.46M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Kent A Kleeberger (director) sold 1,500 shares at $27.07 per share price.Also, On Jan 28, 2016, Timothy T Baker (EXEC. VP – STORE OPERATIONS) sold 22,000 shares at $28.16 per share price.On Dec 16, 2015, Carl N. Scibetta (EVP – GENERAL MERCHANDISE MGR) sold 2,865 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Shoe Carnival Inc. is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores. The Company also offers online shopping on its e-commerce site at The Company’s product assortment includes dress and casual shoes sandals boots and an assortment of athletic shoes for the entire family. The Company operated approximately 400 stores in 33 states and Puerto Rico. The Company’s stores carry an average of approximately 28200 pairs of shoes featuring an assortment of current-season name brand footwear supplemented with private label merchandise. The Company’s stores also carry complementary accessories such as handbags shoe care items and socks. Its women’s men’s and children’s non-athletic footwear categories are further divided into dress casual sport sandals and boots. The Company’s wholly owned subsidiaries are SCHC Inc. and Shoe Carnival Ventures LLC.

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