Hodges Capital Management Inc. lessened its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,622 shares of the company's stock after selling 215,021 shares during the period. Shoe Carnival comprises about 1.3% of Hodges Capital Management Inc.'s portfolio, making the stock its 19th largest holding. Hodges Capital Management Inc. owned 2.11% of Shoe Carnival worth $20,981,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Shoe Carnival by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,308,114 shares of the company's stock worth $31,434,000 after buying an additional 26,662 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Shoe Carnival by 14.0% in the 4th quarter. First Eagle Investment Management LLC now owns 412,144 shares of the company's stock worth $12,451,000 after buying an additional 50,750 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shoe Carnival by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 333,411 shares of the company's stock worth $10,072,000 after buying an additional 20,941 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Shoe Carnival by 22.2% in the 4th quarter. Wasatch Advisors LP now owns 295,412 shares of the company's stock worth $8,924,000 after buying an additional 53,702 shares during the last quarter. Finally, Meros Investment Management LP boosted its holdings in 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 buying an additional 48,166 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company's stock.
Analyst Upgrades and Downgrades
SCVL has been the topic of several research analyst reports. Williams Trading upgraded Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Friday, March 22nd. Monness Crespi & Hardt cut Shoe Carnival from a "buy" rating to a "neutral" rating in a report on Tuesday, March 19th.
Get Our Latest Report on SCVL
Shoe Carnival Stock Up 0.2 %
Shares of Shoe Carnival stock traded up $0.06 on Friday, hitting $36.89. 596,798 shares of the company were exchanged, compared to its average volume of 232,446. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 13.61 and a beta of 1.49. The company has a 50-day moving average price of $36.04 and a 200 day moving average price of $32.35. Shoe Carnival, Inc. has a 1-year low of $19.87 and a 1-year high of $39.65.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The business had revenue of $300.37 million for the quarter, compared to analysts' expectations of $292.38 million. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. Research analysts forecast that Shoe Carnival, Inc. will post 2.65 EPS for the current year.
Shoe Carnival Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, July 8th. Shoe Carnival's dividend payout ratio is currently 19.93%.
Insider Activity at Shoe Carnival
In related news, Director Andrea R. Guthrie sold 2,467 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total value of $80,078.82. Following the transaction, the director now directly owns 20,106 shares in the company, valued at $652,640.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 34.70% of the stock is currently owned by insiders.
Shoe Carnival Company Profile
(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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