Shoe Carnival (SCVL) PT, Estimates Lowered at Jefferies

November 29, 2016 6:56 AM EST
Get Alerts SCVL Hot Sheet
Price: $25.37 +1.81%

Rating Summary:
    1 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade SCVL Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies analyst Randal Konik reiterated a Hold rating and trimmed estimates and his price target on Shoe Carnival (NASDAQ: SCVL) to $28.00 (from $29.00) following disappointing Q3 results.

Konik commented, "3Q results were disappointing with SSS and GM below previous guidance and consensus, partially offset by slightly better SG&A. Shares were incrementally lower after hours with commentary related to weak boot trends persisting through November. We believe LT initiatives have promise, but anticipate potential choppy NT sales trends. Maintain Hold, PT to $28."

The firm lowered Q4 EPS from $0.25 to $0.16, FY 2016 EPS from $1.62 to $1.48 and FY 2017 EPS from $1.90 to $1.75.

For an analyst ratings summary and ratings history on Shoe Carnival click here. For more ratings news on Shoe Carnival click here.

Shares of Shoe Carnival closed at $30.27 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Randal Konik

Add Your Comment