Shoe Carnival, Inc. $SCVL Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 63,123 shares of the company’s stock after acquiring an additional 15,241 shares during the period. Exchange Traded Concepts LLC owned 0.23% of Shoe Carnival worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. North Star Investment Management Corp. raised its holdings in Shoe Carnival by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 55,892 shares of the company’s stock valued at $1,229,000 after acquiring an additional 750 shares during the last quarter. Comerica Bank grew its stake in shares of Shoe Carnival by 6.7% during the 1st quarter. Comerica Bank now owns 14,835 shares of the company’s stock valued at $326,000 after buying an additional 935 shares during the period. NBC Securities Inc. grew its stake in shares of Shoe Carnival by 145,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company’s stock valued at $32,000 after buying an additional 1,457 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Shoe Carnival during the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC grew its stake in shares of Shoe Carnival by 404.0% during the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock valued at $55,000 after buying an additional 2,012 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Stock Down 1.4%

NASDAQ:SCVL opened at $22.13 on Tuesday. The firm has a market cap of $605.70 million, a PE ratio of 9.75 and a beta of 1.35. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $45.64. The company’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $20.47.

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

Shoe Carnival Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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 cut shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Shoe Carnival currently has an average rating of “Reduce”.

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.