Shoe Carnival, Inc. $SCVL Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 51.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642,771 shares of the company’s stock after buying an additional 219,443 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.35% of Shoe Carnival worth $12,026,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Quantbot Technologies LP lifted its stake in Shoe Carnival by 131.0% in the second quarter. Quantbot Technologies LP now owns 99,009 shares of the company’s stock valued at $1,852,000 after buying an additional 56,151 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Shoe Carnival by 27.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 111,936 shares of the company’s stock worth $2,094,000 after acquiring an additional 24,056 shares during the period. XTX Topco Ltd lifted its position in Shoe Carnival by 109.1% in the 2nd quarter. XTX Topco Ltd now owns 33,570 shares of the company’s stock valued at $628,000 after purchasing an additional 17,514 shares during the last quarter. Prudential Financial Inc. lifted its position in Shoe Carnival by 6.1% in the 2nd quarter. Prudential Financial Inc. now owns 18,768 shares of the company’s stock valued at $351,000 after purchasing an additional 1,072 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Shoe Carnival by 2.6% during the 2nd quarter. American Century Companies Inc. now owns 585,175 shares of the company’s stock valued at $10,949,000 after purchasing an additional 14,577 shares during the period. Institutional investors own 66.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrea R. Guthrie sold 2,477 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total value of $50,035.40. Following the transaction, the director owned 24,405 shares in the company, valued at $492,981. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 35.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SCVL has been the topic of a number of research analyst reports. Seaport Res Ptn lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research note on Monday, December 1st. Zacks Research downgraded shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Shoe Carnival currently has a consensus rating of “Hold”.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $17.56 on Wednesday. Shoe Carnival, Inc. has a one year low of $15.21 and a one year high of $36.94. The company’s fifty day moving average price is $18.36 and its two-hundred day moving average price is $20.06. The company has a market capitalization of $480.79 million, a price-to-earnings ratio of 8.36 and a beta of 1.32.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, November 20th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Shoe Carnival had a net margin of 5.06% and a return on equity of 8.75%. The firm had revenue of $297.16 million during the quarter, compared to analysts’ expectations of $295.25 million. During the same period in the prior year, the company earned $0.71 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. As a group, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Shoe Carnival’s dividend payout ratio (DPR) is currently 28.57%.

About Shoe Carnival

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.