SRS Capital Advisors Inc. Boosts Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

SRS Capital Advisors Inc. raised its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 392.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,300 shares of the company’s stock after acquiring an additional 1,036 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Shoe Carnival were worth $39,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Dallas Securities Inc. bought a new position in shares of Shoe Carnival in the 3rd quarter worth approximately $5,816,000. Public Employees Retirement System of Ohio boosted its stake in shares of Shoe Carnival by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 265,412 shares of the company’s stock worth $6,378,000 after acquiring an additional 87,415 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Shoe Carnival by 60.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 223,519 shares of the company’s stock valued at $5,371,000 after acquiring an additional 83,860 shares during the period. Meros Investment Management LP increased its stake in shares of Shoe Carnival by 20.1% in the 3rd quarter. Meros Investment Management LP now owns 287,225 shares of the company’s stock worth $6,902,000 after purchasing an additional 48,166 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Shoe Carnival by 10.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 361,394 shares of the company’s stock worth $8,684,000 after purchasing an additional 33,599 shares during the period. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $34.60 on Friday. The company has a market capitalization of $937.66 million, a price-to-earnings ratio of 12.91 and a beta of 1.57. The company’s fifty day moving average price is $33.61 and its 200-day moving average price is $28.87. Shoe Carnival, Inc. has a one year low of $19.24 and a one year high of $37.08.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $280.20 million for the quarter, compared to analysts’ expectations of $280.30 million. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts expect that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a $0.135 dividend. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.54 dividend on an annualized basis and a yield of 1.56%. Shoe Carnival’s payout ratio is presently 20.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a report on Tuesday, March 19th. Williams Trading raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, March 22nd.

Insider Activity at Shoe Carnival

In other news, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the transaction, the executive vice president now owns 118,077 shares in the company, valued at approximately $4,185,829.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,467 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the sale, the director now directly owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carl N. Scibetta sold 5,415 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the transaction, the executive vice president now directly owns 118,077 shares in the company, valued at $4,185,829.65. The disclosure for this sale can be found here. 34.50% of the stock is owned by insiders.

Shoe Carnival Company Profile

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.