Macquarie Group Ltd. continued to hold its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,700 shares of the company’s stock at the end of the fourth quarter. Macquarie Group Ltd. owned approximately 0.22% of Shoe Carnival worth $1,098,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Shoe Carnival by 859.2% in the third quarter. Acrospire Investment Management LLC now owns 6,350 shares of the company’s stock valued at $169,000 after buying an additional 5,688 shares during the period. First Trust Advisors LP purchased a new position in shares of Shoe Carnival during the third quarter valued at about $205,000. State of Tennessee Treasury Department purchased a new position in shares of Shoe Carnival during the third quarter valued at about $307,000. Trexquant Investment LP purchased a new position in shares of Shoe Carnival during the fourth quarter valued at about $433,000. Finally, Menta Capital LLC boosted its position in shares of Shoe Carnival by 5.5% in the fourth quarter. Menta Capital LLC now owns 16,493 shares of the company’s stock valued at $445,000 after buying an additional 853 shares during the period. 68.46% of the stock is currently owned by institutional investors.
Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) opened at 21.68 on Friday. The firm’s 50-day moving average price is $24.36 and its 200 day moving average price is $26.06. Shoe Carnival, Inc. has a 12 month low of $21.16 and a 12 month high of $31.79. The firm has a market capitalization of $383.56 million, a P/E ratio of 16.96 and a beta of 0.90.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, March 23rd. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm had revenue of $234.20 million for the quarter, compared to the consensus estimate of $234.89 million. Shoe Carnival had a net margin of 2.86% and a return on equity of 8.51%. Shoe Carnival’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. Analysts anticipate that Shoe Carnival, Inc. will post $1.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 10th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, April 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. Shoe Carnival’s dividend payout ratio (DPR) is 18.30%.
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Several analysts have issued reports on the company. Johnson Rice cut Shoe Carnival from a “buy” rating to an “accumulate” rating in a research report on Friday, March 24th. Jefferies Group LLC set a $26.00 target price on Shoe Carnival and gave the company a “hold” rating in a research report on Friday, March 17th. B. Riley assumed coverage on Shoe Carnival in a report on Tuesday, March 14th. They set a “neutral” rating and a $26.00 price objective for the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $24.00 price objective on shares of Shoe Carnival in a report on Monday, March 27th. Finally, Zacks Investment Research lowered Shoe Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.29.
About Shoe Carnival
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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