Shoe Carnival, Inc. (NASDAQ:SCVL) Director Sells $80,078.82 in Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie sold 2,467 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the sale, the director now directly owns 20,106 shares of the company’s stock, valued at $652,640.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shoe Carnival Stock Up 2.1 %

Shares of NASDAQ:SCVL opened at $33.15 on Friday. The business has a 50 day moving average price of $32.75 and a 200 day moving average price of $28.15. Shoe Carnival, Inc. has a twelve month low of $19.24 and a twelve month high of $37.08. The company has a market cap of $898.37 million, a price-to-earnings ratio of 12.37 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The company had revenue of $280.20 million during the quarter, compared to the consensus estimate of $280.30 million. During the same quarter last year, the company earned $0.79 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, April 5th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s dividend payout ratio (DPR) is 20.15%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SCVL shares. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Shoe Carnival

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its stake in shares of Shoe Carnival by 364.2% in the 3rd quarter. Citadel Advisors LLC now owns 461,581 shares of the company’s stock valued at $9,896,000 after buying an additional 362,138 shares during the period. Wasatch Advisors LP bought a new position in Shoe Carnival during the first quarter worth about $7,677,000. New South Capital Management Inc. lifted its holdings in shares of Shoe Carnival by 47.2% in the third quarter. New South Capital Management Inc. now owns 884,155 shares of the company’s stock valued at $21,246,000 after purchasing an additional 283,408 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Shoe Carnival by 19.3% in the third quarter. Copeland Capital Management LLC now owns 1,494,501 shares of the company’s stock valued at $35,913,000 after purchasing an additional 242,035 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new stake in shares of Shoe Carnival in the third quarter valued at about $5,816,000. 66.05% of the stock is owned by institutional investors and hedge funds.

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.