Vanguard Group Inc. Has $31.43 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Vanguard Group Inc. grew its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,308,114 shares of the company’s stock after purchasing an additional 26,662 shares during the quarter. Vanguard Group Inc.’s holdings in Shoe Carnival were worth $31,434,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SCVL. American Century Companies Inc. grew its holdings in Shoe Carnival by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 176,650 shares of the company’s stock valued at $4,245,000 after buying an additional 7,436 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Shoe Carnival by 17.8% during the 3rd quarter. Deutsche Bank AG now owns 7,063 shares of the company’s stock worth $170,000 after acquiring an additional 1,065 shares during the period. Comerica Bank acquired a new stake in shares of Shoe Carnival during the 3rd quarter valued at about $588,000. Public Employees Retirement System of Ohio increased its stake in Shoe Carnival by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 265,412 shares of the company’s stock valued at $6,378,000 after acquiring an additional 87,415 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Shoe Carnival by 29.0% in the 3rd quarter. Royal Bank of Canada now owns 58,938 shares of the company’s stock valued at $1,417,000 after purchasing an additional 13,242 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Trading Up 1.1 %

Shares of SCVL stock opened at $33.85 on Friday. The firm has a market capitalization of $917.34 million, a price-to-earnings ratio of 12.63 and a beta of 1.56. The firm’s 50 day moving average is $32.06 and its 200-day moving average is $27.78. Shoe Carnival, Inc. has a 1 year low of $19.24 and a 1 year high of $37.08.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The company had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same quarter in the previous year, the company earned $0.79 EPS. Shoe Carnival’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, April 5th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.60%. Shoe Carnival’s payout ratio is 20.15%.

Analysts Set New Price Targets

Several brokerages recently commented on SCVL. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 19th. Williams Trading raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, March 22nd.

Insider Activity at Shoe Carnival

In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of the firm’s stock in a transaction dated 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 owns 118,077 shares in the company, valued at $4,185,829.65. The sale was disclosed in a document filed with the SEC, which is available through this link. 34.50% of the stock is currently owned by corporate 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.