Shoe Carnival, Inc. Price & Performance (SCVL)

Williams Trading has shifted its rating on Shoe Carnival from Buy to Hold, slashing the price target from $30 to $17. The move comes as the retailer faces industry-wide challenges, including a 145% tariff on Chinese imports that threatens margins and product flow. Despite these pressures, Shoe Carnival maintains strong financial ratios and a healthy gross margin.12

Shoe Carnival reported quarterly earnings per share of $0.54, topping forecasts, but revenue fell short at $262.9 million versus an expected $277.9 million. The company’s stock has declined sharply, trading near its 52-week low amid a tough retail environment. Nevertheless, fundamentals remain solid with no debt and a strong cash position.34

Shoe Carnival shares have dropped over 43% in the past year, recently hitting a 52-week low. Yet, analysts maintain positive outlooks, citing price targets as high as $30 and noting the company’s robust balance sheet and ongoing dividend growth. The retailer continues to pursue strategic initiatives, including store rebranding and acquisitions.45