Shoe Carnival Inc. (NASDAQ:SCVL) traded at a new 52-week high today of $63.35. This new high was reached on approximately average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 128,000 shares.
Shoe Carnival Inc is a footwear retailer with hundreds of stores in the United States. It offers moderately priced, name-brand dress, casual, and athletic footwear for men, women, and children. Its average store has more than 27,000 pairs of shoes. The company promotes a shopping experience that includes contests, games, and a person on a stage with a microphone to announce limited-time specials. To enable its value-pricing strategy, Shoe Carnival minimizes staffing needs by housing all merchandise on the selling floor and leases store locations in open-air shopping centers. The company buys its merchandise from hundreds of vendors, with Nike and Skechers accounting for a substantial portion of total company sales. All merchandise goes through the company’s distribution center in Indiana.
Shoe Carnival Inc. (NASDAQ:SCVL) defies analysts with a current price ($63.27) 4.6% above its average consensus price target of $60.39.
In the past 52 weeks, Shoe Carnival Inc. share prices are bracketed by a low of $15.30 and a high of $63.35 and is now at $63.27, 314% above that low price.
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