Sell: Shoe Carnival (SCVL)
From Upside
Updated from Wall Street’s Best Investments 772, August 19, 2015
We are dropping Shoe Carnival (SCVL) from our Buy List because of its sloppy share-price action, partly reflecting a pullback in footwear stocks after Skechers (SKX) announced weak results. Shoe Carnival seems reasonably valued with a Value score of 81. But the stock no longer ranks among our favorite picks for 12-month gains, as uncertain growth prospects temper our enthusiasm. The stock should be sold.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, November 2, 2015