Shoe Carnival, Inc. (NASDAQ:SCVL) Director Jeffrey C. Gerstel sold 1,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $36.50, for a total transaction of $43,800.00. Following the completion of the sale, the director now owns 5,526 shares of the company’s stock, valued at approximately $201,699. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ:SCVL opened at $35.77 on Friday. The stock has a market capitalization of $557.57 million, a P/E ratio of 14.60 and a beta of 0.76. Shoe Carnival, Inc. has a fifty-two week low of $23.08 and a fifty-two week high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $234.70 million for the quarter, compared to the consensus estimate of $232.84 million. Shoe Carnival had a net margin of 3.70% and a return on equity of 12.42%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, analysts predict that Shoe Carnival, Inc. will post 2.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Friday, April 5th. Shoe Carnival’s dividend payout ratio (DPR) is presently 13.06%.

SCVL has been the topic of a number of research analyst reports. Pivotal Research reissued a “buy” rating and issued a $45.00 price target on shares of Shoe Carnival in a report on Wednesday, March 20th. BidaskClub downgraded shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. ValuEngine raised shares of Shoe Carnival from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. Sidoti raised shares of Shoe Carnival from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.20.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Shoe Carnival by 2.0% during the fourth quarter. BlackRock Inc. now owns 1,666,180 shares of the company’s stock valued at $55,834,000 after purchasing an additional 33,274 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Shoe Carnival by 8.3% during the third quarter. Vanguard Group Inc. now owns 692,302 shares of the company’s stock valued at $26,653,000 after purchasing an additional 53,058 shares during the last quarter. Vanguard Group Inc lifted its holdings in Shoe Carnival by 8.3% during the third quarter. Vanguard Group Inc now owns 692,302 shares of the company’s stock valued at $26,653,000 after purchasing an additional 53,058 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Shoe Carnival by 32.2% during the fourth quarter. Acadian Asset Management LLC now owns 541,986 shares of the company’s stock valued at $18,167,000 after purchasing an additional 132,143 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Shoe Carnival during the fourth quarter valued at about $11,025,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.

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Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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