Let’s look at the key reasons that are pushing Shoe Carnival, Inc (SCVL) to new highs

Shoe Carnival, Inc (NASDAQ: SCVL) on Tuesday, soared 3.22% from the previous trading day, before settling in for the closing price of $35.09. Within the past 52 weeks, SCVL’s price has moved between $24.94 and $46.92.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.83%. The company achieved an average annual earnings per share of -2.72%. With a float of $17.24 million, this company’s outstanding shares have now reached $27.17 million.

Considering the fact that the conglomerate employs 5300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 35.8%, operating margin of 7.96%, and the pretax margin is 8.23%.

Shoe Carnival, Inc (SCVL) Breakdown of a Key Holders of the stock

Observing investor behavior towards Apparel Retail industry stocks is more important than anything else. The insider ownership of Shoe Carnival, Inc is 36.55%, while institutional ownership is 70.93%. The most recent insider transaction that took place on Dec 06 ’24, was worth 9,681,305. In this transaction 10% Owner of this company bought 285,500 shares at a rate of $33.91, taking the stock ownership to the 4,173,529 shares. Before that another transaction happened on Dec 06 ’24, when Company’s CHAIRMAN OF THE BOARD bought 285,500 for $33.91, making the entire transaction worth $9,681,305. This insider now owns 4,173,529 shares in total.

Shoe Carnival, Inc (SCVL) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -2.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 16.91% growth over the previous five years of trading.

Shoe Carnival, Inc (NASDAQ: SCVL) Trading Performance Indicators

Shoe Carnival, Inc (SCVL) is currently performing well based on its current performance indicators. A quick ratio of 0.89 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.81. Likewise, its price to free cash flow for the trailing twelve months is 13.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.72, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 3.02 in one year’s time.

Technical Analysis of Shoe Carnival, Inc (SCVL)

Compared to the last year’s volume of 0.26 million, its volume of 0.46 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.15%. Additionally, its Average True Range was 1.50.

During the past 100 days, Shoe Carnival, Inc’s (SCVL) raw stochastic average was set at 26.71%, which indicates a significant decrease from 88.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.90% in the past 14 days, which was higher than the 45.90% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $36.05, while its 200-day Moving Average is $37.27. Nevertheless, the first resistance level for the watch stands at $36.92 in the near term. At $37.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.58. If the price goes on to break the first support level at $35.26, it is likely to go to the next support level at $34.29. Now, if the price goes above the second support level, the third support stands at $33.60.

Shoe Carnival, Inc (NASDAQ: SCVL) Key Stats

Market capitalization of the company is 984.27 million based on 27,175K outstanding shares. Right now, sales total 1,176 M and income totals 73,350 K. The company made 306,890 K in profit during its latest quarter, and 19,240 K in sales during its previous quarter.