Shoe Carnival, Inc. (NASDAQ:SCVL) Director Charles B. Tomm acquired 11,190 shares of Shoe Carnival stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the acquisition, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Shoe Carnival, Inc. (SCVL) opened at 22.01 on Thursday. Shoe Carnival, Inc. has a 52 week low of $15.08 and a 52 week high of $31.79. The firm’s 50-day moving average is $19.01 and its 200-day moving average is $20.66. The stock has a market capitalization of $374.59 million, a price-to-earnings ratio of 18.21 and a beta of 0.94.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Wednesday, August 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.26 million. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post $1.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 29th. Shoe Carnival’s dividend payout ratio is currently 24.79%.

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Several analysts recently issued reports on SCVL shares. Sidoti upgraded shares of Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Shoe Carnival from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Wedbush started coverage on shares of Shoe Carnival in a research note on Monday, August 14th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating and set a $18.00 price target on shares of Shoe Carnival in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Shoe Carnival currently has a consensus rating of “Hold” and an average target price of $22.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Shoe Carnival by 5.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Shoe Carnival during the 2nd quarter valued at about $175,000. JPMorgan Chase & Co. raised its holdings in shares of Shoe Carnival by 482.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $186,000 after buying an additional 6,260 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Shoe Carnival by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock valued at $227,000 after buying an additional 1,300 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Shoe Carnival during the 1st quarter valued at about $249,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

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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