Geode Capital Management LLC Acquires 15,799 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)
Geode Capital Management LLC raised its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,430 shares of the company’s stock after buying an additional 15,799 shares during the period. Geode Capital Management LLC’s holdings in Shoe Carnival were worth $5,537,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Shoe Carnival by 4.2% in the first quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock valued at $16,893,000 after buying an additional 27,447 shares during the last quarter. Menta Capital LLC increased its stake in Shoe Carnival by 14.6% in the first quarter. Menta Capital LLC now owns 18,893 shares of the company’s stock valued at $464,000 after buying an additional 2,400 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Shoe Carnival by 2.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 44,984 shares of the company’s stock valued at $1,105,000 after buying an additional 1,136 shares during the last quarter. Royce & Associates LP increased its stake in Shoe Carnival by 2.6% in the first quarter. Royce & Associates LP now owns 2,032,719 shares of the company’s stock valued at $49,944,000 after buying an additional 50,800 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Shoe Carnival by 5.6% in the first quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock valued at $1,150,000 after buying an additional 2,500 shares during the last quarter. 62.78% of the stock is owned by institutional investors.
Shares of Shoe Carnival, Inc. (SCVL) traded up 0.24% during midday trading on Friday, reaching $16.77. 16,423 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $18.86 and a 200-day moving average of $22.59. The stock has a market capitalization of $289.40 million, a P/E ratio of 14.26 and a beta of 0.95. Shoe Carnival, Inc. has a 12-month low of $16.68 and a 12-month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $253.40 million during the quarter, compared to analyst estimates of $251.74 million. Shoe Carnival had a net margin of 2.12% and a return on equity of 7.27%. Shoe Carnival’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. Analysts anticipate that Shoe Carnival, Inc. will post $1.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.075 per share. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, June 29th. Shoe Carnival’s dividend payout ratio (DPR) is currently 25.21%.
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Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Sidoti raised shares of Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, June 28th. ValuEngine downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, B. Riley reissued a “neutral” rating and set a $21.00 target price on shares of Shoe Carnival in a research report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Shoe Carnival has an average rating of “Hold” and an average target price of $24.00.
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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