Revenue Update on Shoe Carnival(NASDAQ:SCVL)

Shoe Carnival(NASDAQ:SCVL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.07.

In a different note, B. Riley said it Initiates Coverage On Shoe Carnival, according to a research note issued on Mar 9, 2017. In the research note, the firm Announces the price-target to $26 per share. The shares have been rated ‘Neutral’ by the firm.

Shoe Carnival (SCVL) shares turned negative on Fridays trading session with the shares closing down -0.87 points or -3.51% at a volume of 3,97,018. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.41. The peak price level was also seen at $25.41 while the days lowest was $22.82. Finally the shares closed at $23.94. The 52-week high of the shares is $31.79 while the 52-week low is $21.16. According to the latest information available, the market cap of the company is $441 M.

Several Insider Transactions has been reported to the SEC. On Dec 5, 2016, Kent A Kleeberger (director) sold 1,500 shares at $27.17 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 www.shoecarnival.com. 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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