Campbell & CO Investment Adviser LLC Lowers Holdings in Shoe Carnival, Inc. $SCVL

Campbell & CO Investment Adviser LLC lowered its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 79.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,425 shares of the company’s stock after selling 51,282 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Shoe Carnival were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SCVL. First Horizon Advisors Inc. boosted its position in Shoe Carnival by 33.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company’s stock valued at $36,000 after buying an additional 486 shares during the period. CWM LLC boosted its holdings in Shoe Carnival by 188.3% in the first quarter. CWM LLC now owns 3,883 shares of the company’s stock valued at $85,000 after purchasing an additional 2,536 shares during the period. US Bancorp DE grew its stake in Shoe Carnival by 1,025.8% during the 1st quarter. US Bancorp DE now owns 4,661 shares of the company’s stock worth $103,000 after purchasing an additional 4,247 shares in the last quarter. AlphaQuest LLC increased its holdings in Shoe Carnival by 82.2% during the 1st quarter. AlphaQuest LLC now owns 6,418 shares of the company’s stock worth $141,000 after purchasing an additional 2,896 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Shoe Carnival by 162.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,590 shares of the company’s stock worth $123,000 after purchasing an additional 4,080 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,477 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $20.20, for a total transaction of $50,035.40. Following the completion of the sale, the director owned 24,405 shares in the company, valued at approximately $492,981. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 35.50% of the company’s stock.

Shoe Carnival Stock Down 4.7%

NASDAQ:SCVL opened at $16.53 on Tuesday. The company has a market capitalization of $452.48 million, a PE ratio of 7.28 and a beta of 1.35. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $36.94. The stock’s 50 day moving average price is $20.16 and its 200 day moving average price is $20.29.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data 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 during 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 firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. As a group, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, October 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, October 6th. Shoe Carnival’s dividend payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SCVL. Zacks Research upgraded Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 27th. Wall Street Zen upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. 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, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shoe Carnival in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.