Shoe Carnival Inc (NASDAQ: SCVL) has reported earnings for its first fiscal quarter (ending April 30) of $0.64 versus $0.61 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $2.72 compared to $3.65 a year ago.
Recent Price Action
On 5/23/24, Shoe Carnival Inc (NASDAQ: SCVL) stock enjoyed a very large increase of 5.5%, closing at $36.29. Moreover, this advance was accompanied by exceptionally high trading volume at 229% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
SCVL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Shoe Carnival has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Shoe Carnival has a slightly positive Appreciation Score of 69 and a very high Power Rating of 88, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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