Shoe Carnival Inc (NASDAQ: SCVL) has reported earnings for its fourth fiscal quarter (ending January 31) of $0.57 versus $0.80 for the same period a year ago. E.P.S. were $2.69 for the latest four quarters through January 31 versus $4.00 for the same period a year ago.
Recent Price Action
On 3/21/24, Shoe Carnival Inc (NASDAQ: SCVL) stock enjoyed a very large increase of 8.2%, closing at $35.64. Moreover, trading volume in this advance was exceptionally high at 270% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SCVL is expected to continue to be a Value Builder.
Shoe Carnival has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Shoe Carnival has a slightly positive Appreciation Score of 70 and a very high Power Rating of 94, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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