Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) Director Andrea R. Guthrie sold 2,467 shares of the company'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 $652,640.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shoe Carnival Stock Down 0.6 %
Shares of NASDAQ SCVL opened at $32.46 on Friday. The stock has a market cap of $879.67 million, a PE ratio of 12.11 and a beta of 1.56. Shoe Carnival, Inc. has a 52-week low of $19.24 and a 52-week high of $37.08. The business has a 50-day moving average price of $32.65 and a 200 day moving average price of $28.09.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting analysts' consensus estimates of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The company had revenue of $280.20 million during the quarter, compared to analysts' expectations of $280.30 million. During the same period last year, the firm earned $0.79 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.
Shoe Carnival Increases Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.66%. This is a boost from Shoe Carnival's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, April 5th. Shoe Carnival's dividend payout ratio (DPR) is presently 20.15%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Williams Trading raised Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Friday, March 22nd. Monness Crespi & Hardt cut Shoe Carnival from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 19th.
Read Our Latest Analysis on SCVL
Institutional Trading of Shoe Carnival
A number of hedge funds have recently added to or reduced their stakes in SCVL. JPMorgan Chase & Co. lifted its position in Shoe Carnival by 16.1% during the 1st quarter. JPMorgan Chase & Co. now owns 100,133 shares of the company's stock worth $2,920,000 after acquiring an additional 13,912 shares during the period. Bank of New York Mellon Corp lifted its position in Shoe Carnival by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 220,583 shares of the company's stock worth $6,433,000 after acquiring an additional 3,066 shares during the period. MetLife Investment Management LLC lifted its position in Shoe Carnival by 69.4% during the 1st quarter. MetLife Investment Management LLC now owns 10,388 shares of the company's stock worth $303,000 after acquiring an additional 4,256 shares during the period. Rhumbline Advisers lifted its position in Shoe Carnival by 4.6% during the 1st quarter. Rhumbline Advisers now owns 44,618 shares of the company's stock worth $1,301,000 after acquiring an additional 1,964 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Shoe Carnival by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,054 shares of the company's stock worth $439,000 after buying an additional 1,822 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.
About Shoe Carnival
(
Get Free Report)
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.
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