It Seems Shoe Carnival Incorporated (NASDAQ:SCVL) Will Go Down. Just Reported More Shorted Shares

August 15, 2017 – By Darrin Black

Investors sentiment decreased to 1 in Q4 2016. Its down 0.49, from 1.49 in 2016Q3. It is negative, as 6 investors sold Shoe Carnival, Inc. shares while 41 reduced holdings. 21 funds opened positions while 26 raised stakes. 11.81 million shares or 5.22% less from 12.46 million shares in 2016Q3 were reported.
Capstone Asset Mngmt has invested 0.01% in Shoe Carnival, Inc. (NASDAQ:SCVL). Tower Research Cap Ltd Liability Co (Trc) stated it has 1,617 shares or 0% of all its holdings. Dimensional Fund Advsr Ltd Partnership has 1.61M shares. 2,139 are owned by Bnp Paribas Arbitrage. Ameriprise Financial accumulated 66,525 shares or 0% of the stock. California State Teachers Retirement Sys stated it has 25,599 shares. Panagora Asset Management has invested 0.01% of its portfolio in Shoe Carnival, Inc. (NASDAQ:SCVL). Prudential holds 0% or 51,369 shares in its portfolio. 1,735 were reported by Alexandria Capital Lc. Texas Permanent School Fund has invested 0% in Shoe Carnival, Inc. (NASDAQ:SCVL). Systematic Mgmt L P has invested 0.02% in Shoe Carnival, Inc. (NASDAQ:SCVL). Credit Suisse Ag accumulated 0% or 24,063 shares. Aqr Management Ltd Liability holds 0% or 72,833 shares. Sei Invs Communications stated it has 7 shares or 0% of all its holdings. Invesco Ltd reported 30,720 shares.

The stock of Shoe Carnival Incorporated (NASDAQ:SCVL) registered an increase of 3.19% in short interest. SCVL’s total short interest was 980,200 shares in August as published by FINRA. Its up 3.19% from 949,900 shares, reported previously. With 157,000 shares average volume, it will take short sellers 6 days to cover their SCVL’s short positions. The short interest to Shoe Carnival Incorporated’s float is 8.12%.

The stock increased 0.54% or $0.09 during the last trading session, reaching $16.77. About 143,415 shares traded or 20.14% up from the average. Shoe Carnival, Inc. (NASDAQ:SCVL) has declined 13.98% since August 15, 2016 and is downtrending. It has underperformed by 30.68% the S&P500.

Shoe Carnival, Inc. is a family footwear retailer. The company has market cap of $289.41 million. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It has a 14.11 P/E ratio. It also offers online shopping on its e-commerce site at www.shoecarnival.com.

Shoe Carnival, Inc. (NASDAQ:SCVL) Ratings Coverage

Among 7 analysts covering Shoe Carnival (NASDAQ:SCVL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Shoe Carnival had 12 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Shoe Carnival, Inc. (NASDAQ:SCVL) earned “Buy” rating by Sidoti on Wednesday, June 28. As per Wednesday, March 30, the company rating was downgraded by Standpoint Research. Zacks downgraded Shoe Carnival, Inc. (NASDAQ:SCVL) on Tuesday, August 18 to “Buy” rating. Sidoti initiated Shoe Carnival, Inc. (NASDAQ:SCVL) on Tuesday, June 7 with “Neutral” rating. The rating was upgraded by Standpoint Research on Friday, December 11 to “Buy”. Jefferies maintained the shares of SCVL in report on Thursday, September 1 with “Hold” rating. The firm earned “Neutral” rating on Tuesday, January 10 by Mizuho. The rating was initiated by Mizuho on Thursday, December 15 with “Neutral”. Susquehanna maintained the stock with “Neutral” rating in Thursday, November 12 report. Sterne Agee CRT maintained it with “Buy” rating and $27 target in Friday, May 20 report.

More notable recent Shoe Carnival, Inc. (NASDAQ:SCVL) news were published by: Seekingalpha.com which released: “Shoe Carnival’s Horrible Q3 Is An Opportunity” on December 17, 2016, also Fool.com with their article: “Why Shoe Carnival, Inc. Stock Tumbled Today” published on May 03, 2017, Footwearnews.com published: “Profits for Popular Shoe Retailers Journeys & Shoe Carnival Are Tumbling …” on May 25, 2017. More interesting news about Shoe Carnival, Inc. (NASDAQ:SCVL) were released by: Seekingalpha.com and their article: “Shoe Carnival’s (SCVL) CEO Cliff Sifford on Q1 2017 Results – Earnings Call …” published on May 25, 2017 as well as Footwearnews.com‘s news article titled: “Shoe Carnival’s Revenues Edge Up Slightly, Profits Top Expectations” with publication date: March 23, 2017.