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StockNews.com
StockNews.com
Business
Pragya Pandey

Shoe Carnival: An Undervalued Retail Stock to Buy on the Dip

Shoe Carnival, Inc. (SCVL) in Evansville, Ind., is one of the nation's leading family footwear shops, offering a diverse selection of dress, casual, and sports footwear for men, women, and children, with a focus on national brand names. As of May 18, 2022, the company operated 395 stores under the Shoe Carnival and Shoe Station labels in 35 states and Puerto Rico.

In terms of forward non-GAAP P/E, the stock is currently trading at 6.84x, which is 42.6% lower than the 11.91x industry average. Also, its 0.60x forward EV/Sales is 43.7% lower than the 1.07x industry average. Furthermore, SCVL's 0.55x forward Price/Sales is 39.7% lower than the 0.91x industry average. The stock is down 17.2% in price over the past year and 3.5% over the past month to close yesterday's trading session at $28.62. Furthermore, the stock is currently trading 38.1% below its 52-week high of $46.21, which it hit on Nov. 18, 2021.

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