Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating ) – Equities researchers at Seaport Res Ptn decreased their Q3 2023 EPS estimates for Shoe Carnival in a report issued on Friday, August 19th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings of $1.27 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for Shoe Carnival’s current full-year earnings is $3.95 per share. Seaport Res Ptn also issued estimates for Shoe Carnival’s FY2024 earnings at $4.42 EPS and FY2025 earnings at $4.78 EPS.
SCVL has been the subject of several other research reports. StockNews.com upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating in a report on Friday. Monness Crespi & Hardt decreased their target price on Shoe Carnival to $40.00 and set a “sector weight” rating on the stock in a research report on Thursday, May 19th.
Shoe Carnival Awards Performance
NASDAQ:SCVL opened at $25.44 on Monday. The firm has a market cap of $701.81 million, a PE ratio of 5.25 and a beta of 1.41. The company has a 50-day moving average of $23.30 and a 200-day moving average of $27.74. Shoe Carnival has a 1 year low of $20.03 and a 1 year high of $46.21.
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Shoe Carnival Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Monday, July 11th were paid a $0.09 dividend. This represents an annual dividend of $0.36 and a yield of 1.42%. The ex-dividend date was Friday, July 8th. Shoe Carnival’s dividend payout ratio is currently 7.42%.
Institutional inflows and outflows
Several hedge funds have recently added to or reduced their stakes in SCVL. CWM LLC raised its stake in shares of Shoe Carnival by 181.6% in the first quarter. CWM LLC now owns 1,594 shares of the company’s stock worth $46,000 after buying an additional 1,028 shares during the last quarter. Northwestern Mutual Wealth Management Co . raised its stake in shares of Shoe Carnival by 164.6% in the 1st quarter. Northwestern Mutual Wealth Management Co . now owns 2,000 shares of the company’s stock worth $58,000 after buying an additional 1,244 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Shoe Carnival by 54.3% in the first quarter. Captrust Financial Advisors now owns 2,278 shares of the company’s stock worth $66,000 after purchasing an additional 802 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Shoe Carnival by 2,011.6% in the second quarter. First Horizon Advisors Inc. now owns 3,273 shares of the company’s stock worth $70,000 after buying an additional 3,118 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Shoe Carnival in the 1st quarter valued at $118,000. 64.18% of the shares are owned by institutional investors and hedge funds.
Carnival Shoe Company Profile
(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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