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Shoe Carnival stock soars more than 13% as analysts cheer better-than-expected earnings
Shoe Carnival Inc. shares (scvl) surged more than 13% Wednesday, as analysts weighed in its better-than-expected second-quarter earnings. Wedbush analyst Christopher Svezia raised his stock price target to $44 from $38 and said the company's higher guidance was still likely conservative. " While mindful of store closures and shifting weeks around 4Q, it is clear that the retailer's outperformance is carrying over into 2H and clean inventories, conservative boot planning, improved product/brand availability, rewards, CRM, digital, and real estate initiatives and more should bode well for the outlook," he wrote in a note.
https://finance.yahoo.com/m/68e8a20...a960/shoe-carnival-stock-soars.html?.tsrc=rss
Shoe Carnival Inc. shares (scvl) surged more than 13% Wednesday, as analysts weighed in its better-than-expected second-quarter earnings. Wedbush analyst Christopher Svezia raised his stock price target to $44 from $38 and said the company's higher guidance was still likely conservative. " While mindful of store closures and shifting weeks around 4Q, it is clear that the retailer's outperformance is carrying over into 2H and clean inventories, conservative boot planning, improved product/brand availability, rewards, CRM, digital, and real estate initiatives and more should bode well for the outlook," he wrote in a note.
https://finance.yahoo.com/m/68e8a20...a960/shoe-carnival-stock-soars.html?.tsrc=rss
