Shoe Carnival, Inc. $SCVL Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. grew its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,892 shares of the company’s stock after acquiring an additional 8,000 shares during the period. North Star Investment Management Corp. owned about 0.23% of Shoe Carnival worth $1,195,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NBC Securities Inc. lifted its position in shares of Shoe Carnival by 145,700.0% during the first 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 bought a new position in shares of Shoe Carnival during the first quarter worth about $33,000. GAMMA Investing LLC lifted its position in shares of Shoe Carnival by 404.0% during 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 during the last quarter. CWM LLC lifted its position in shares of Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company’s stock worth $85,000 after purchasing an additional 2,536 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Shoe Carnival by 1,025.8% during the first quarter. US Bancorp DE now owns 4,661 shares of the company’s stock worth $103,000 after purchasing an additional 4,247 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SCVL shares. 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. Wall Street Zen cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Shoe Carnival currently has an average rating of “Reduce”.

Shoe Carnival Stock Down 1.9%

Shares of SCVL stock opened at $21.66 on Friday. The business has a 50 day moving average of $21.83 and a two-hundred day moving average of $20.48. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $44.88. The company has a market cap of $592.83 million, a P/E ratio of 9.54 and a beta of 1.35.

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

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, October 6th. Shoe Carnival’s payout ratio is 26.43%.

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.