Rhumbline Advisers Has $1.17 Million Stock Holdings in Shoe Carnival, Inc. $SCVL

Rhumbline Advisers trimmed its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 22.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,286 shares of the company’s stock after selling 15,715 shares during the period. Rhumbline Advisers owned about 0.19% of Shoe Carnival worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. increased its position in Shoe Carnival by 145,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company’s stock worth $32,000 after purchasing an additional 1,457 shares during the last quarter. Versant Capital Management Inc acquired a new position in Shoe Carnival in the first quarter worth approximately $33,000. GAMMA Investing LLC raised its position in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock valued at $55,000 after acquiring an additional 2,012 shares in the last quarter. CWM LLC raised its position in Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company’s stock valued at $85,000 after acquiring an additional 2,536 shares in the last quarter. Finally, US Bancorp DE grew its position in Shoe Carnival by 1,025.8% in the first quarter. US Bancorp DE now owns 4,661 shares of the company’s stock worth $103,000 after acquiring an additional 4,247 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shares of SCVL opened at $22.45 on Friday. The company has a market capitalization of $614.46 million, a PE ratio of 9.89 and a beta of 1.35. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92. The company’s fifty day moving average price is $21.72 and its 200 day moving average price is $20.49.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $306.39 million during the quarter, compared to analysts’ expectations of $318.31 million. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, July 7th. Shoe Carnival’s payout ratio is currently 26.43%.

Analyst Ratings Changes

SCVL has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Shoe Carnival from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Seaport Res Ptn downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Zacks Research cut Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.