IndexIQ Advisors LLC bought a new position in Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,968 shares of the company’s stock, valued at approximately $378,000.
Several other large investors have also made changes to their positions in the company. Copeland Capital Management LLC boosted its position in shares of Shoe Carnival by 1.7% in the first quarter. Copeland Capital Management LLC now owns 1,048,909 shares of the company’s stock valued at $30,586,000 after purchasing an additional 17,557 shares during the period. Marshall Wace LLP boosted its position in shares of Shoe Carnival by 169.9% in the 4th quarter. Marshall Wace LLP now owns 329,628 shares of the company’s stock valued at $12,883,000 after buying an additional 207,498 shares during the period. Pacer Advisors Inc. increased its position in shares of Shoe Carnival by 65.9% in the first quarter. Pacer Advisors Inc. now owns 265,033 shares of the company’s stock valued at $7,728,000 after buying an additional 105,282 shares during the period. Principal Financial Group Inc. grew its position in Carnival Shoes by 17.6% in the fourth quarter. Principal Financial Group Inc. now owns 141,364 shares of the company’s stock valued at $5,525,000 after buying an additional 21,175 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Shoe Carnival by 2.2% in the first quarter. Envestnet Asset Management Inc. now owns 129,242 shares of the company’s stock valued at $3,769,000 after purchasing an additional 2,836 shares during the period. 64.18% of the shares are owned by hedge funds and other institutional investors.
Analyst upgrades and downgrades
SCVL has been the subject of several research reports. Monness Crespi & Hardt decreased their price objective on Shoe Carnival to $40.00 and set a “sector weight” rating on the stock in a research report on Thursday, May 19th. StockNews.com lowered Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Monday, July 25th.
Shoe Carnival Awards Performance
NASDAQ:SCVL opened at $26.01 on Friday. Shoe Carnival, Inc. it has a 12-month low of $20.03 and a 12-month high of $46.21. The firm has a market capitalization of $717.54 million, a PE ratio of 5.36 and a beta of 1.41. The business’s 50-day moving average is $23.49, and its two-hundred-day moving average is $28.13.
Shoe Carnival (NASDAQ:SCVL – Get Rating ) last announced its earnings results on Wednesday, May 18th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Shoe Carnival had a return on equity of 32.77% and a net margin of 10.50%. The business had revenue of $317.53 million for the quarter, compared to analyst estimates of $329.60 million. During the same period a year ago, the company earned $1.51 per share. Stock analysts predict that Shoe Carnival, Inc. will post 3.95 EPS for the current year.
Shoe Carnival Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were given a dividend of $0.09 per share. This represents a dividend of $0.36 on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, July 8th. Shoe Carnival’s payout ratio is 7.42%.
About shoe carnivals
(Get rating)
Shoe Carnival, Inc., together with its subsidiaries, operates as a family-owned footwear retailer in the United States. The company offers ranges of clothing, casual, work and athletic footwear, as well as sandals and boots for men, women and children; and different accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Carnival Shoe banner; and 21 locations throughout the Southeast under the Shoe Station banner.
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