2 hours Ago By ABMN Staff
Creative Planning bought a new stake in shares of Shoe Carnival, Inc. ( NASDAQ:SCVL – Free Report ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,612 shares of the company’s stock, valued at approximately $281,000.
Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Shoe Carnival by 16.8% during the first quarter.
Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock valued at $6,997,000 after buying an additional 27,404 shares during the last quarter. Denali Advisors LLC boosted its holdings in Shoe Carnival by 48.5% during the 1st quarter.
Denali Advisors LLC now owns 55,100 shares of the company’s stock valued at $2,019,000 after acquiring an additional 18,000 shares during the period. Maryland State Retirement & Pension System bought a new position in Shoe Carnival during the 1st quarter worth approximately $240,000. Mirae Asset Global Investments Co.
Ltd. purchased a new position in Shoe Carnival in the 1st quarter worth approximately $383,000. Finally, Empowered Funds LLC lifted its position in Shoe Carnival by 40.
4% in the first quarter. Empowered Funds LLC now owns 114,073 shares of the company’s stock valued at $4,180,000 after purchasing an additional 32,827 shares during the last quarter. Hedge funds and other institutional investors own 66.
05% of the company’s stock. Analyst Upgrades and Downgrades Separately, Williams Trading raised their target price on shares of Shoe Carnival from $42.00 to $51.
00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Shoe Carnival Trading Down 1.4 % SCVL stock opened at $39.
73 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.
15 and a beta of 1.53. The firm’s 50-day moving average price is $41.
54 and its two-hundred day moving average price is $38.33. Shoe Carnival, Inc.
has a 12-month low of $21.18 and a 12-month high of $46.92.
Shoe Carnival ( NASDAQ:SCVL – Get Free Report ) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
80 by $0.03. Shoe Carnival had a return on equity of 13.
26% and a net margin of 6.26%. The company had revenue of $332.
70 million for the quarter, compared to the consensus estimate of $331.45 million. During the same quarter in the previous year, the business earned $0.
71 EPS. Shoe Carnival’s revenue was up 12.9% compared to the same quarter last year.
Equities analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current year.
Shoe Carnival Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be issued a dividend of $0.135 per share.
The ex-dividend date is Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.
36%. Shoe Carnival’s dividend payout ratio is presently 19.15%.
Shoe Carnival Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding SCVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoe Carnival, Inc.
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