Shoe Carnival Stock Gaps Up On Today's Open (SCVL)
Shares of Shoe Carnival (Nasdaq:SCVL) were gapping up Thursday morning with an open price 10.2% higher than Wednesday's closing price. The stock closed at $26.50 yesterday and opened today's trading at $29.19.
NEW YORK ( TheStreet) -- Shares of Shoe Carnival (Nasdaq: SCVL) were gapping up Thursday morning with an open price 10.2% higher than Wednesday's closing price. The stock closed at $26.50 Wednesday and opened today's trading at $29.19. The average volume for Shoe Carnival has been 70,400 shares per day over the past 30 days. Shoe Carnival has a market cap of $339.9 million and is part of the services sector and retail industry. Shares are up 3.1% year to date as of the close of trading on Wednesday. Shoe Carnival, Inc. operates as a family footwear retailer. The company offers women's, men's, and children's non-athletic footwear, including dress, casual, sport, sandals, and boots. It also provides athletic shoes consisting of running, basketball, and fitness shoes. The company has a P/E ratio of 13, above the average retail industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Shoe Carnival as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Shoe Carnival Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.