Susquehanna More Bullish on Shoe Carnival (SCVL) Following Meetings

Susquehanna analyst Sam Poser reiterated a Positive rating and $37.00 price target on Shoe Carnival (NASDAQ: SCVL), saying they are more bullish after hosting investor meetings with its CEO and CFO in Boston and NYC last week.

"SCVL continues to improve the manner by which it interacts with, and attracts customers, and is reinforcing its leadership position in the Family Footwear space," Poser commented. "The CRM, which was producing some small benefits as the rollout process was underway, officially rolled out last Tuesday, and should begin to provide detailed customer data, which will, in our view, develop a strong foundation to drive SSS momentum, inventory turn, and margin momentum. Further, the marketplace is not promotional; SCVL's consumer is in good shape, and SCVL is benefiting from the recent closure of Payless stores and the tenuous position of Sear's."

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 $31.69 yesterday.

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