Victory Capital Management Inc. increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating ) by 58.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,864 shares of the company’s stock after purchasing an additional 9,191 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Shoe Carnival worth $745,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in Carnival Shoes by 2.2% during 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 last quarter. Versor Investments LP bought a new position in shares of Shoe Carnival in the 1st quarter worth about $484,000. Jackson Creek Investment Advisors LLC raised its stake in shares of Shoe Carnival by 6.7% in the first quarter. Jackson Creek Investment Advisors LLC now owns 27,358 shares of the company’s stock valued at $798,000 after purchasing an additional 1,719 shares during the period. Personal CFO Solutions LLC raised its stake in shares of Shoe Carnival by 4.1% in the first quarter. Personal CFO Solutions LLC now owns 8,454 shares of the company’s stock valued at $247,000 after purchasing an additional 336 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Shoe Carnival by 140.9% during the first quarter. Nisa Investment Advisors LLC now owns 5,300 shares of the company’s stock valued at $155,000 after purchasing an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s shares.
Shoe carnival trade up 1.7%
Shares of Shoe Carnival stock opened at $26.06 on Thursday. Shoe Carnival, Inc. it has a 12-month low of $20.03 and a 12-month high of $46.21. The company has a market cap of $718.92 million, a P/E ratio of 5.37 and a beta of 1.41. The company’s fifty day simple moving average is $23.37, and its two hundred day simple moving average is $27.92.
Carnival Shoes (NASDAQ:SCVL – Get Rating ) last announced its quarterly earnings results on Wednesday, May 18th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $317.53 million for the quarter, compared to analysts’ expectations of $329.60 million. Shoe Carnival had a net margin of 10.50% and a return on equity of 32.77%. During the same quarter a year ago, the company earned $1.51 per share. Analysts predict that Shoe Carnival, Inc. will post 3.95 EPS for the current fiscal year.
Shoe Carnival announces dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were paid a $0.09 dividend. This represents a dividend of $0.36 on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, July 8th. Shoe Carnival’s payout ratio is currently 7.42%.
Analyst upgrades and downgrades
A number of equities research analysts have issued reports on SCVL shares. Monness Crespi & Hardt decreased their price objective on shares of Shoe Carnival to $40.00 and set a “sector weight” rating on the stock in a report on Thursday, May 19th. StockNews.com lowered Shoe Carnival from a “buy” rating to a “hold” rating in a report on Monday, July 25th.
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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