Alambic Investment Management L.P. increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 7.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 57,281 shares of the company’s stock after buying an additional 4,000 shares during the period. Alambic Investment Management L.P. owned approximately 0.32% of Shoe Carnival worth $1,407,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of SCVL. Bank of New York Mellon Corp boosted its position in Shoe Carnival by 113.2% in the third quarter. Bank of New York Mellon Corp now owns 211,104 shares of the company’s stock valued at $5,628,000 after buying an additional 112,088 shares in the last quarter. Prudential Financial Inc. boosted its position in Shoe Carnival by 38.7% in the third quarter. Prudential Financial Inc. now owns 33,749 shares of the company’s stock valued at $900,000 after buying an additional 9,420 shares in the last quarter. BlackRock Fund Advisors boosted its position in Shoe Carnival by 181.4% in the third quarter. BlackRock Fund Advisors now owns 1,040,575 shares of the company’s stock valued at $27,742,000 after buying an additional 670,802 shares in the last quarter. State of Tennessee Treasury Department bought a new position in Shoe Carnival during the third quarter valued at about $307,000. Finally, Russell Investments Group Ltd. bought a new position in Shoe Carnival during the fourth quarter valued at about $1,430,000. Institutional investors and hedge funds own 68.46% of the company’s stock.
Shoe Carnival, Inc. (NASDAQ:SCVL) traded down 1.90% during midday trading on Friday, hitting $20.12. 168,042 shares of the stock traded hands. The company has a 50-day moving average of $23.98 and a 200-day moving average of $25.93. The stock has a market cap of $355.96 million, a PE ratio of 15.74 and a beta of 0.90. Shoe Carnival, Inc. has a 12 month low of $19.70 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, March 23rd. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. Shoe Carnival had a return on equity of 8.51% and a net margin of 2.86%. The firm had revenue of $234.20 million during the quarter, compared to the consensus estimate of $234.89 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post $1.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 10th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, April 6th. Shoe Carnival’s dividend payout ratio (DPR) is 18.30%.
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SCVL has been the subject of several research reports. B. Riley initiated coverage on shares of Shoe Carnival in a research report on Thursday, March 9th. They set a “neutral” rating and a $26.00 price target for the company. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC set a $26.00 price target on shares of Shoe Carnival and gave the company a “hold” rating in a research report on Friday, March 17th. Johnson Rice lowered shares of Shoe Carnival from a “buy” rating to an “accumulate” rating in a research report on Friday, March 24th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $24.00 price target on shares of Shoe Carnival in a research report on Monday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Shoe Carnival presently has an average rating of “Hold” and a consensus price target of $26.29.
Shoe Carnival Company Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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