Posted by admin on May 25th, 2022

Several analysts have recently updated their ratings and price targets for Shoe Carnival (NASDAQ: SCVL):

SCVL traded up $2.45 during midday trading on Wednesday, hitting $27.16. 9,015 shares of the company’s stock traded hands, compared to its average volume of 323,909. The company has a market cap of $765.07 million, a PE ratio of 5.60 and a beta of 1.39. The stock’s fifty day simple moving average is $30.49 and its 200-day simple moving average is $34.09. Shoe Carnival, Inc. has a one year low of $23.78 and a one year high of $46.21.

Shoe Carnival (NASDAQ:SCVL – Get Rating) last released its quarterly earnings results on Wednesday, May 18th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Shoe Carnival had a net margin of 10.50% and a return on equity of 32.77%. The company had revenue of $317.53 million for the quarter, compared to analyst estimates of $329.60 million. During the same quarter last year, the firm posted $1.51 earnings per share. On average, equities analysts forecast that Shoe Carnival, Inc. will post 3.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 4th were given a $0.09 dividend. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, April 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. Shoe Carnival’s dividend payout ratio (DPR) is currently 7.42%.

In other news, Director Andrea R. Guthrie sold 1,300 shares of Shoe Carnival stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $31.40, for a total value of $40,820.00. Following the transaction, the director now owns 24,746 shares of the company’s stock, valued at $777,024.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 32.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SCVL. BlackRock Inc. boosted its stake in Shoe Carnival by 97.5% during the third quarter. BlackRock Inc. now owns 2,860,861 shares of the company’s stock worth $92,748,000 after buying an additional 1,412,045 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Shoe Carnival by 101.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,034,296 shares of the company’s stock worth $65,956,000 after buying an additional 1,023,332 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Shoe Carnival by 100.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 515,580 shares of the company’s stock worth $16,715,000 after buying an additional 257,790 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Shoe Carnival in the 4th quarter valued at $8,843,000. Finally, Invesco Ltd. boosted its stake in shares of Shoe Carnival by 177.6% in the 3rd quarter. Invesco Ltd. now owns 330,240 shares of the company’s stock valued at $10,706,000 after purchasing an additional 211,283 shares in the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner.

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