Shoe Carnival falls as lone bull analyst backs out

|About: Shoe Carnival, Inc. (SCVL)|By:, SA News Editor

Shares of Shoe Carnival (SCVL -2.5%) fall after Sterne Agee, the lone bull on the stock, throws in the towel and downgrades the shoe retailer to Neutral with an unchanged PT of $30.

Analyst Sam Posner observes that athletic footwear trends (~50% of sales) "have softened" due to weak Nike offerings in the family footwear channel and the government shutdown.