Published on 16 Apr 2024 on Simply Wall St. via Yahoo Finance
Are Robust Financials Driving The Recent Rally In Shoe Carnival, Inc.'s (NASDAQ:SCVL) Stock?
Shoe Carnival (NASDAQ:SCVL) has had a great run on the share market with its stock up by a significant 27% over the last three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Shoe Carnival's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.