DBI - Shoe Carnival seen taking market share from Caleres and Designer Brands

Susquehanna is out with a strong recommendation of Shoe Carnival ([[SCVL]] -1.0%) after digesting the Q3 earnings report."SCVL has the best consumer engagement within family footwear due to the ever-improving use of its best-in-class CRM, in our view," updates analyst Sam Poser.Poser thinks improved engagement should continue to drive more consumers to SCVL, in both stores and online. "SCVL has long-term growth opportunities as store sales recover and stabilize post the pandemic and e-commerce grows to over 20% of sales in the next three to five years (from ~6% of sales in FY19)," he notes.An interesting tip from Poser is that the firm thinks it will become evident that SCVL is taking market share after Caleres ([[CAL]] +2.9%) and Designed Brands ([[DBI]] -0.9%) report earnings. For Caleres that is today after the closing bell.Susquehanna has a Positive rating on Shoe Carnival and new price target of $47.Read the Shoe Carnival

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Shoe Carnival seen taking market share from Caleres and Designer Brands