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Shoe Carnival, Inc. (SCVL) Position Maintained by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY held its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,362 shares of the company’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY owned 0.06% of Shoe Carnival worth $307,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Fund Advisors increased its position in Shoe Carnival by 181.4% in the third quarter. BlackRock Fund Advisors now owns 1,040,575 shares of the company’s stock valued at $27,742,000 after buying an additional 670,802 shares during the last quarter. Bank of New York Mellon Corp increased its position in Shoe Carnival by 113.2% in the third quarter. Bank of New York Mellon Corp now owns 211,104 shares of the company’s stock valued at $5,628,000 after buying an additional 112,088 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Shoe Carnival during the fourth quarter valued at $1,430,000. Spark Investment Management LLC purchased a new position in Shoe Carnival during the third quarter valued at $1,127,000. Finally, State Street Corp increased its position in Shoe Carnival by 6.6% in the fourth quarter. State Street Corp now owns 396,715 shares of the company’s stock valued at $10,699,000 after buying an additional 24,412 shares during the last quarter. 68.46% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

Shoe Carnival, Inc. (NASDAQ:SCVL) traded down 1.90% during mid-day trading on Friday, hitting $20.12. The company’s stock had a trading volume of 168,042 shares. Shoe Carnival, Inc. has a 52-week low of $19.70 and a 52-week high of $31.79. The stock has a market cap of $355.96 million, a P/E ratio of 15.74 and a beta of 0.90. The company’s 50 day moving average is $23.85 and its 200-day moving average is $25.90.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, March 23rd. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $234.20 million during the quarter, compared to analyst estimates of $234.89 million. Shoe Carnival had a return on equity of 8.51% and a net margin of 2.86%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts predict that Shoe Carnival, Inc. will post $1.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 10th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.39%. Shoe Carnival’s payout ratio is currently 18.30%.

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Several research firms have recently weighed in on SCVL. B. Riley initiated coverage on Shoe Carnival in a research note on Tuesday, March 14th. They set a “neutral” rating and a $26.00 price target for the company. Zacks Investment Research cut Shoe Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. Jefferies Group LLC reissued a “hold” rating and set a $26.00 price objective on shares of Shoe Carnival in a report on Friday, March 24th. Johnson Rice cut Shoe Carnival from a “buy” rating to an “accumulate” rating in a report on Friday, March 24th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $24.00 price objective on shares of Shoe Carnival in a report on Monday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Shoe Carnival has an average rating of “Hold” and a consensus target price of $26.17.

Shoe Carnival Company Profile

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.

12 Month Chart for NASDAQ:SCVL




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