Tower Research Capital LLC TRC acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,403 shares of the company’s stock, valued at approximately $175,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Shoe Carnival by 140.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 33,355 shares of the company’s stock valued at $697,000 after purchasing an additional 19,501 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Shoe Carnival in the 2nd quarter valued at approximately $352,000. OxFORD Asset Management LLP purchased a new stake in Shoe Carnival in the 2nd quarter valued at approximately $539,000. Citadel Advisors LLC purchased a new stake in Shoe Carnival in the 2nd quarter valued at approximately $1,233,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Shoe Carnival by 32.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 87,162 shares of the company’s stock valued at $1,820,000 after purchasing an additional 21,445 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors.
In other news, Director Charles B. Tomm purchased 11,190 shares of Shoe Carnival stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the transaction, the director now owns 16,948 shares in the company, valued at $384,550.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.50% of the stock is currently owned by corporate insiders.
SCVL has been the topic of a number of analyst reports. Sidoti raised Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Shoe Carnival from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wedbush assumed coverage on shares of Shoe Carnival in a research report on Monday, August 14th. They set an “outperform” rating and a $21.00 price target for the company. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating and set a $18.00 price target on shares of Shoe Carnival in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.57.
Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) traded down 3.47% on Thursday, hitting $20.59. The company had a trading volume of 48,791 shares. The stock has a market cap of $350.42 million, a PE ratio of 17.03 and a beta of 0.94. The company has a 50-day moving average of $19.81 and a 200 day moving average of $20.56. Shoe Carnival, Inc. has a 12 month low of $15.07 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. The business had revenue of $235.10 million during the quarter, compared to analyst estimates of $232.26 million. During the same period in the prior year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Shoe Carnival, Inc. will post $1.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.075 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.30 annualized dividend and a dividend yield of 1.41%. Shoe Carnival’s dividend payout ratio (DPR) is presently 24.79%.
Shoe Carnival Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
Want to see what other hedge funds are holding SCVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoe Carnival, Inc. (NASDAQ:SCVL).
What are top analysts saying about Shoe Carnival Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Shoe Carnival Inc. and related companies.