Maryland State Retirement & Pension System Makes New $240,000 Investment in Shoe Carnival, Inc. (NASDAQ:SCVL)

Maryland State Retirement & Pension System bought a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVLFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,563 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in shares of Shoe Carnival in the fourth quarter valued at about $272,000. BNP Paribas Financial Markets increased its position in Shoe Carnival by 268.8% during the 4th quarter. BNP Paribas Financial Markets now owns 33,081 shares of the company’s stock valued at $999,000 after purchasing an additional 24,110 shares during the period. Wasatch Advisors LP lifted its position in shares of 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 purchasing an additional 53,702 shares during the period. Stifel Financial Corp lifted its position in shares of Shoe Carnival by 13.6% in the 3rd quarter. Stifel Financial Corp now owns 69,809 shares of the company’s stock worth $1,678,000 after purchasing an additional 8,331 shares during the period. Finally, MTM Investment Management LLC purchased a new position in Shoe Carnival during the fourth quarter valued at approximately $231,000. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Down 1.8 %

Shares of SCVL opened at $35.77 on Friday. The company has a 50 day moving average of $36.21 and a two-hundred day moving average of $32.60. The company has a market cap of $971.51 million, a price-to-earnings ratio of 13.20 and a beta of 1.49. Shoe Carnival, Inc. has a twelve month low of $19.87 and a twelve month high of $39.65.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last announced 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. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. The firm had revenue of $300.37 million for the quarter, compared to the consensus estimate of $292.38 million. On average, sell-side analysts expect that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, July 8th. Shoe Carnival’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the completion of the sale, 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 link. 34.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SCVL has been the subject of a number of analyst reports. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a report on Tuesday, March 19th. Williams Trading raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, March 22nd.

View Our Latest Stock Report on Shoe Carnival

Shoe Carnival 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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Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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