Shoe Carnival (NASDAQ:SCVL) Sets New 1-Year High at $39.66

Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) reached a new 52-week high on Thursday . The stock traded as high as $39.66 and last traded at $39.42, with a volume of 134847 shares trading hands. The stock had previously closed at $36.76.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Monness Crespi & Hardt cut shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a report on Tuesday, March 19th. Williams Trading upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, March 22nd.

Shoe Carnival Trading Up 5.7 %

The company has a 50 day simple moving average of $36.37 and a 200 day simple moving average of $32.75. The stock has a market capitalization of $1.06 billion, a PE ratio of 14.34 and a beta of 1.49.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.60 by $0.04. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. The business had revenue of $300.37 million during the quarter, compared to analysts’ expectations of $292.38 million. On average, equities research analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, July 8th. Shoe Carnival’s payout ratio is 19.93%.

Insider Transactions at Shoe Carnival

In other news, Director Andrea R. Guthrie sold 2,467 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total transaction of $80,078.82. Following the completion of the transaction, the director now directly owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 34.70% of the company’s stock.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors and hedge funds have recently made changes to their positions in SCVL. Louisiana State Employees Retirement System purchased a new stake in Shoe Carnival during the fourth quarter worth about $272,000. BNP Paribas Financial Markets lifted its position in shares of Shoe Carnival by 268.8% during the 4th quarter. BNP Paribas Financial Markets now owns 33,081 shares of the company’s stock valued at $999,000 after acquiring an additional 24,110 shares during the period. Wasatch Advisors LP boosted its stake in shares of Shoe Carnival by 22.2% during the 4th quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock worth $8,924,000 after acquiring an additional 53,702 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Shoe Carnival in the 4th quarter worth approximately $231,000. Finally, Vanguard Group Inc. grew its holdings in shares of Shoe Carnival by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,308,114 shares of the company’s stock worth $31,434,000 after acquiring an additional 26,662 shares during the period. 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.