Shoe Carnival, Inc. $SCVL Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 99.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,547 shares of the company’s stock after buying an additional 10,251 shares during the period. Voya Investment Management LLC owned 0.08% of Shoe Carnival worth $452,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in Shoe Carnival by 54.2% in the fourth quarter. Deutsche Bank AG now owns 14,996 shares of the company’s stock valued at $496,000 after acquiring an additional 5,273 shares during the last quarter. Millennium Management LLC raised its position in Shoe Carnival by 126.5% in the fourth quarter. Millennium Management LLC now owns 101,846 shares of the company’s stock valued at $3,369,000 after purchasing an additional 56,878 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Shoe Carnival by 72.8% in the 4th quarter. Two Sigma Advisers LP now owns 48,200 shares of the company’s stock valued at $1,594,000 after purchasing an additional 20,300 shares during the last quarter. Wolverine Trading LLC purchased a new position in shares of Shoe Carnival during the 4th quarter worth $372,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Shoe Carnival by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company’s stock worth $1,976,000 after purchasing an additional 9,671 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SCVL shares. Wall Street Zen upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research cut shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th. Finally, Seaport Res Ptn lowered shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Shoe Carnival Stock Down 0.8%

Shares of SCVL opened at $21.48 on Friday. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $43.97. The firm’s 50 day moving average price is $21.85 and its 200 day moving average price is $20.47. The company has a market cap of $587.91 million, a P/E ratio of 9.46 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, October 6th. Shoe Carnival’s payout ratio is presently 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.