Quantbot Technologies LP Increases Stock Position in Shoe Carnival, Inc. $SCVL

Quantbot Technologies LP boosted its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 131.0% during the second quarter, Holdings Channel.com reports. The fund owned 99,009 shares of the company’s stock after acquiring an additional 56,151 shares during the period. Quantbot Technologies LP’s holdings in Shoe Carnival were worth $1,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SCVL. First Horizon Advisors Inc. boosted its holdings in shares of Shoe Carnival by 33.8% during the second quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company’s stock worth $36,000 after purchasing an additional 486 shares during the period. State of Alaska Department of Revenue increased its holdings in Shoe Carnival by 8.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,567 shares of the company’s stock valued at $196,000 after purchasing an additional 779 shares during the period. Comerica Bank raised its position in Shoe Carnival by 6.7% during the 1st quarter. Comerica Bank now owns 14,835 shares of the company’s stock valued at $326,000 after purchasing an additional 935 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Shoe Carnival by 6.1% in the 2nd quarter. Prudential Financial Inc. now owns 18,768 shares of the company’s stock worth $351,000 after buying an additional 1,072 shares during the period. Finally, CWM LLC lifted its holdings in Shoe Carnival by 44.5% in the 2nd quarter. CWM LLC now owns 5,610 shares of the company’s stock worth $105,000 after buying an additional 1,727 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Insider Buying and Selling at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,477 shares of Shoe Carnival stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $20.20, for a total transaction of $50,035.40. Following the completion of the transaction, the director directly owned 24,405 shares in the company, valued at approximately $492,981. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 35.50% of the company’s stock.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $17.54 on Friday. The business’s fifty day moving average is $18.51 and its 200 day moving average is $20.08. The company has a quick ratio of 0.97, a current ratio of 4.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $480.07 million, a price-to-earnings ratio of 8.35 and a beta of 1.32. Shoe Carnival, Inc. has a twelve month low of $15.21 and a twelve month high of $36.94.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, November 20th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $297.16 million for the quarter, compared to analysts’ expectations of $295.25 million. Shoe Carnival had a net margin of 5.06% and a return on equity of 8.75%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. Research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, October 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, October 6th. Shoe Carnival’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCVL. Seaport Res Ptn cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Zacks Research downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Shoe Carnival

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.