Shoe Carnival (SCVL) is a momentum stock with a strong price performance and a favorable valuation. It has gained 9.9% over the past 12 weeks and is trading at a reasonable price-to-sales ratio of 0.89. This suggests that SCVL has potential for further growth, making it a compelling investment opportunity.
Shoe Carnival (SCVL) stock jumped over 12% on Thursday after the company reported strong second-quarter earnings, exceeding sales expectations and posting a double-digit increase in adjusted operating income. The company also revised its 2024 outlook, indicating continued growth and a focus on expanding its store footprint.
