46,641 Shares in Shoe Carnival, Inc. $SCVL Purchased by Nuveen LLC

Nuveen LLC purchased a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,641 shares of the company’s stock, valued at approximately $1,026,000. Nuveen LLC owned approximately 0.17% of Shoe Carnival as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Shoe Carnival by 404.0% in the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock worth $55,000 after purchasing an additional 2,012 shares in the last quarter. Barclays PLC grew its stake in Shoe Carnival by 13.8% in the fourth quarter. Barclays PLC now owns 34,533 shares of the company’s stock worth $1,143,000 after purchasing an additional 4,191 shares in the last quarter. SG Americas Securities LLC boosted its stake in Shoe Carnival by 309.3% in the first quarter. SG Americas Securities LLC now owns 22,026 shares of the company’s stock valued at $484,000 after acquiring an additional 16,645 shares during the period. Raymond James Financial Inc. acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $1,075,000. Finally, Northern Trust Corp boosted its stake in Shoe Carnival by 4.7% in the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company’s stock valued at $16,793,000 after acquiring an additional 22,859 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Trading Down 1.0%

Shares of NASDAQ SCVL opened at $20.90 on Tuesday. The stock has a 50 day simple moving average of $20.87 and a 200-day simple moving average of $20.37. The company has a market cap of $571.41 million, a PE ratio of 8.74 and a beta of 1.35. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%.The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. Shoe Carnival’s payout ratio is currently 25.10%.

Analyst Ratings Changes

SCVL has been the subject of a number of research reports. Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 26th. Seaport Res Ptn downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Shoe Carnival 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.