Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) have been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.75.
Several analysts have recently weighed in on the company. Zacks Investment Research cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub upgraded Shoe Carnival from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. Pivotal Research boosted their price target on Shoe Carnival from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. Finally, Wedbush boosted their price target on Shoe Carnival from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th.
Shares of NASDAQ:SCVL traded down $0.97 during midday trading on Monday, hitting $39.77. 212,558 shares of the stock were exchanged, compared to its average volume of 300,983. The stock has a market cap of $650.80 million, a P/E ratio of 26.69 and a beta of 0.79. Shoe Carnival has a 12 month low of $18.85 and a 12 month high of $45.00.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.20. The company had revenue of $268.37 million for the quarter, compared to analysts’ expectations of $265.16 million. Shoe Carnival had a return on equity of 12.06% and a net margin of 2.98%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. Equities analysts forecast that Shoe Carnival will post 2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 8th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, October 4th. Shoe Carnival’s dividend payout ratio is currently 21.48%.
In related news, Director Kent A. Kleeberger sold 2,172 shares of Shoe Carnival stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $44.11, for a total value of $95,806.92. Following the transaction, the director now directly owns 16,460 shares of the company’s stock, valued at $726,050.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.70% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Shoe Carnival by 7.3% in the second quarter. BlackRock Inc. now owns 1,648,258 shares of the company’s stock worth $53,485,000 after acquiring an additional 112,623 shares during the period. LSV Asset Management lifted its stake in shares of Shoe Carnival by 4.5% in the second quarter. LSV Asset Management now owns 891,979 shares of the company’s stock worth $28,944,000 after acquiring an additional 38,784 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Shoe Carnival by 125.7% in the third quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock worth $15,779,000 after acquiring an additional 228,244 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Shoe Carnival by 44.8% in the second quarter. WINTON GROUP Ltd now owns 264,733 shares of the company’s stock worth $8,591,000 after acquiring an additional 81,915 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of Shoe Carnival by 110.9% in the second quarter. Citadel Advisors LLC now owns 256,079 shares of the company’s stock worth $8,310,000 after acquiring an additional 134,651 shares during the period. 78.93% of the stock is currently owned by institutional investors.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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