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Standpoint Research Downgrades Shoe Carnival, Inc. to Hold

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Standpoint Research downgrades Shoe Carnival, Inc. (NASDAQ: SCVL) from Buy to Hold.

The firm's Ronnie Moas pointed out "Shoe Carnival has jumped 36% and beat the S&P-500 by 2800 bps since I reinstated this recommendation on April 2, 2013. The shares have broken out to an all-time high and are now fairly valued at 19X trailing twelve months earnings, 17X estimates for 2013 and 15X estimates for 2014. There is still a lot to like about this name, but given the absolute (35%) and relative move since May 1 I can no longer leave my highest recommendation attached to this name."

Latest Ratings for SCVL

Mar 2017B. RileyInitiates Coverage OnNeutral
Dec 2016MizuhoInitiates Coverage OnNeutral
Nov 2016JefferiesMaintainsHold

View More Analyst Ratings for SCVL
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