Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Shoe Carnival Inc before investing.

In this article, we go over a few key elements for understanding Shoe Carnival Inc’s stock price such as:

• Shoe Carnival Inc’s current stock price and volume
• Why Shoe Carnival Inc’s stock price changed recently
• Upgrades and downgrades for SCVL from analysts
• SCVL’s stock price momentum as measured by its relative strength

About Shoe Carnival Inc (SCVL)

Before we jump into Shoe Carnival Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Shoe Carnival, Inc. is a family footwear retailer. It offers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. Its omnichannel bricks provide customers easy access to its range assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. Its typical physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, women's and children's, and a range of accessories. Its trademarks and service marks: Shoe Carnival and associated trade dress and related logos, Y-NOT?, UNR8ED, Solanz, Shoe Perks, SC Work Wear, A Surprise In Store, Shoes 2U, Laces for Learning, Princess Lacey’s Laces, Shoe Station, Shoe Station Super Store and Shoe Station Select. It operates 429 stores in 36 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com.

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Shoe Carnival Inc’s Stock Price as of Market Close

As of July 23, 2024, 4:00 PM, CST, Shoe Carnival Inc’s stock price was $41.47.

Shoe Carnival Inc is up 4.25% from its previous closing price of $39.78.

During the last market session, Shoe Carnival Inc’s stock traded between $38.41 and $39.90. Currently, there are 27.14 million shares of Shoe Carnival Inc stock available for purchase.

Shoe Carnival Inc’s price-earnings (P/E) ratio is currently at 14.7, which is high compared to the Retailers - Apparel & Accessories industry median of 13.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Shoe Carnival Inc Stock Price History

Shoe Carnival Inc’s (SCVL) price is currently up 12.42% so far this month.

During the month of July, Shoe Carnival Inc’s stock price has reached a high of $42.02 and a low of $35.60.

Over the last year, Shoe Carnival Inc has hit prices as high as $41.08 and as low as $19.87. Year to date, Shoe Carnival Inc’s stock is up 73.44%.

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What Caused Shoe Carnival Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 22, 2024, there were 2 analysts who downgraded Shoe Carnival Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Shoe Carnival Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Shoe Carnival Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Shoe Carnival Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Shoe Carnival Inc (SCVL) by visiting AAII Stock Evaluator.

Relative Price Strength of Shoe Carnival Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 22, 2024, Shoe Carnival Inc has a weighted four-quarter relative price strength of 8.11%, which translates to a Momentum Score of 85 and is considered to be Very Strong.

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Shoe Carnival Inc Stock Price: Bottom Line

As of July 23, 2024, Shoe Carnival Inc’s stock price is $41.47, which is up 4.25% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Shoe Carnival Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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