Citigroup Inc. lifted its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,658 shares of the company’s stock after acquiring an additional 1,961 shares during the quarter. Citigroup Inc. owned approximately 0.10% of Shoe Carnival worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SCVL. Marshall Wace North America L.P. bought a new position in shares of Shoe Carnival during the 2nd quarter worth approximately $2,052,000. Prudential Financial Inc. boosted its stake in shares of Shoe Carnival by 120.5% during the 1st quarter. Prudential Financial Inc. now owns 113,269 shares of the company’s stock worth $2,783,000 after acquiring an additional 61,900 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Shoe Carnival by 592.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 52,365 shares of the company’s stock worth $1,094,000 after acquiring an additional 44,807 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Shoe Carnival by 67.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 89,641 shares of the company’s stock worth $1,872,000 after acquiring an additional 36,100 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in shares of Shoe Carnival during the 2nd quarter worth approximately $748,000. Institutional investors own 62.74% of the company’s stock.

Shares of Shoe Carnival, Inc. (SCVL) opened at 20.72 on Tuesday. Shoe Carnival, Inc. has a 12-month low of $15.08 and a 12-month high of $31.79. The firm has a market capitalization of $352.63 million, a PE ratio of 17.14 and a beta of 0.94. The company’s 50-day moving average price is $20.15 and its 200 day moving average price is $20.47.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The company had revenue of $235.10 million during 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%. Shoe Carnival’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities analysts forecast that Shoe Carnival, Inc. will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, September 29th. Shoe Carnival’s dividend payout ratio (DPR) is 24.79%.

Several research analysts have recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price (down from $21.00) on shares of Shoe Carnival in a research note on Thursday, August 31st. BidaskClub downgraded Shoe Carnival from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Sidoti upgraded Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc lifted their target price on Shoe Carnival from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.57.

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In other news, Director Charles B. Tomm acquired 11,190 shares of Shoe Carnival stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of $22.69 per share, with a total value of $253,901.10. Following the completion of the acquisition, the director now owns 16,948 shares in the company, valued at $384,550.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 32.60% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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