California State Teachers Retirement System cut its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 21.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,599 shares of the company’s stock after selling 5,600 shares during the quarter. California State Teachers Retirement System owned 0.12% of Shoe Carnival worth $430,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SCVL. California Public Employees Retirement System grew its holdings in shares of Shoe Carnival by 5.6% in the 1st quarter. California Public Employees Retirement System now owns 46,800 shares of the company’s stock worth $1,150,000 after acquiring an additional 2,500 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Shoe Carnival by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 687,504 shares of the company’s stock worth $16,893,000 after acquiring an additional 27,447 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Shoe Carnival by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 225,430 shares of the company’s stock worth $5,537,000 after acquiring an additional 15,799 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Shoe Carnival by 7.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 93,867 shares of the company’s stock worth $2,307,000 after acquiring an additional 6,488 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Shoe Carnival by 177.7% in the 1st quarter. Bank of America Corp DE now owns 20,916 shares of the company’s stock worth $514,000 after acquiring an additional 13,384 shares during the last quarter. Institutional investors own 65.82% of the company’s stock.

In other Shoe Carnival news, Director Charles B. Tomm purchased 11,190 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired 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 of the company’s stock, valued at approximately $384,550.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 28.50% of the company’s stock.

Shoe Carnival, Inc. (NASDAQ:SCVL) opened at $25.77 on Friday. Shoe Carnival, Inc. has a twelve month low of $15.07 and a twelve month high of $30.75. The firm has a market capitalization of $438.60, a price-to-earnings ratio of 17.19, a PEG ratio of 1.41 and a beta of 1.06.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. The business had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. sell-side analysts expect that Shoe Carnival, Inc. will post 1.48 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. TheStreet upgraded Shoe Carnival from a “c” rating to a “b-” rating in a report on Friday, November 17th. Pivotal Research assumed coverage on Shoe Carnival in a report on Tuesday, November 21st. They issued a “hold” rating and a $28.00 target price on the stock. Jefferies Group set a $22.00 target price on Shoe Carnival and gave the stock a “hold” rating in a report on Saturday, November 18th. BidaskClub cut Shoe Carnival from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Sidoti cut Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.63.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/shoe-carnival-inc-scvl-shares-sold-by-california-state-teachers-retirement-system/1753356.html.

About Shoe Carnival

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)

Receive News & Ratings for Shoe Carnival Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.