Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,510 shares of the company’s stock after selling 796 shares during the period. Texas Permanent School Fund’s holdings in Shoe Carnival were worth $275,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCVL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shoe Carnival by 52.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,560 shares of the company’s stock worth $61,000 after acquiring an additional 876 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Shoe Carnival by 54.3% in the first quarter. Captrust Financial Advisors now owns 2,278 shares of the company’s stock worth $66,000 after acquiring an additional 802 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Shoe Carnival by 18.4% in the third quarter. Mutual of America Capital Management LLC now owns 3,403 shares of the company’s stock worth $73,000 after acquiring an additional 530 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Shoe Carnival by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the company’s stock worth $101,000 after acquiring an additional 602 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Shoe Carnival in the third quarter worth approximately $127,000. 65.33% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Down 5.1 %

SCVL opened at $22.30 on Friday. The firm has a market capitalization of $609.59 million, a P/E ratio of 5.63 and a beta of 1.43. The firm’s 50 day moving average is $24.20 and its 200-day moving average is $25.06. Shoe Carnival, Inc. has a 52-week low of $19.42 and a 52-week high of $29.70.

Shoe Carnival (NASDAQ:SCVL – Get Rating) last posted its quarterly earnings data on Wednesday, March 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $290.78 million for the quarter, compared to analyst estimates of $299.37 million. Shoe Carnival had a net margin of 8.72% and a return on equity of 22.34%. Equities analysts expect that Shoe Carnival, Inc. will post 4 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 17th. Stockholders of record on Monday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.09. Shoe Carnival’s dividend payout ratio (DPR) is currently 10.10%.

Analysts Set New Price Targets

SCVL has been the topic of several research reports. StockNews.com initiated coverage on shares of Shoe Carnival in a report on Thursday. They issued a “hold” rating on the stock. Williams Trading lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Monday, May 1st.

Shoe Carnival Profile

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Shoe Carnival, Inc engages in the retail of footwear products. It offers casual and athletic footwear for men, women, and children under the Skechers, Clarks, Adidas, Crocs, New Balance, Converse, Roxy, Nike, Vans, Madden Girl, Sperry, Rampage, Keds, PUMA, Timberland, Koolaburra, Jellypop, and ASICS brands.