New York State Teachers Retirement System Buys 1,341 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

New York State Teachers Retirement System increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,545 shares of the company’s stock after purchasing an additional 1,341 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Shoe Carnival worth $1,032,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in Shoe Carnival during the 2nd quarter worth $41,000. Everence Capital Management Inc. acquired a new position in shares of Shoe Carnival during the third quarter valued at $224,000. Summit Global Investments bought a new position in Shoe Carnival in the second quarter valued at about $244,000. EMC Capital Management increased its position in Shoe Carnival by 11.9% in the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock worth $274,000 after purchasing an additional 793 shares during the period. Finally, Creative Planning acquired a new stake in Shoe Carnival in the second quarter worth about $281,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

Shares of Shoe Carnival stock opened at $37.97 on Friday. The firm has a fifty day moving average of $39.61 and a two-hundred day moving average of $38.59. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.46 and a beta of 1.56. Shoe Carnival, Inc. has a 52 week low of $21.50 and a 52 week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The business had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. As a group, research analysts forecast that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s payout ratio is 19.15%.

Wall Street Analyst Weigh In

Separately, Williams Trading raised their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

About Shoe Carnival

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.