Copeland Capital Management LLC Raises Holdings in Shoe Carnival, Inc. $SCVL

Copeland Capital Management LLC grew its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 22.8% in the second quarter, HoldingsChannel reports. The firm owned 1,718,101 shares of the company’s stock after buying an additional 318,771 shares during the quarter. Copeland Capital Management LLC owned 0.06% of Shoe Carnival worth $32,146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SCVL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Shoe Carnival by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company’s stock valued at $1,976,000 after purchasing an additional 9,671 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Shoe Carnival during the first quarter valued at about $33,000. GAMMA Investing LLC grew its position in shares of Shoe Carnival by 10,983.3% during the first quarter. GAMMA Investing LLC now owns 55,195 shares of the company’s stock valued at $1,214,000 after purchasing an additional 54,697 shares in the last quarter. NBC Securities Inc. grew its position in shares of Shoe Carnival by 145,700.0% during the first quarter. NBC Securities Inc. now owns 1,458 shares of the company’s stock valued at $32,000 after purchasing an additional 1,457 shares in the last quarter. Finally, Sonora Investment Management Group LLC grew its position in shares of Shoe Carnival by 114.9% during the first quarter. Sonora Investment Management Group LLC now owns 107,358 shares of the company’s stock valued at $2,361,000 after purchasing an additional 57,402 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Trading Up 2.2%

Shares of NASDAQ:SCVL opened at $21.61 on Friday. The company has a market cap of $591.47 million, a price-to-earnings ratio of 9.52 and a beta of 1.37. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $42.28. The company has a 50-day moving average price of $21.78 and a 200 day moving average price of $20.45.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $318.31 million. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. As a group, equities analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, October 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a $0.60 annualized dividend and a yield of 2.8%. Shoe Carnival’s dividend payout ratio (DPR) is presently 26.43%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SCVL shares. Seaport Res Ptn lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Zacks Research downgraded shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Shoe Carnival Profile

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. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.