Jump Financial LLC Grows Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Jump Financial LLC boosted its holdings in Shoe Carnival, Inc. (NASDAQ:SCVLFree Report) by 47.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,874 shares of the company’s stock after purchasing an additional 11,545 shares during the period. Jump Financial LLC’s holdings in Shoe Carnival were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SCVL. Copeland Capital Management LLC increased its position in shares of Shoe Carnival by 19.3% during the third quarter. Copeland Capital Management LLC now owns 1,494,501 shares of the company’s stock valued at $35,913,000 after buying an additional 242,035 shares during the period. Hodges Capital Management Inc. increased its position in shares of Shoe Carnival by 75.7% during the second quarter. Hodges Capital Management Inc. now owns 478,375 shares of the company’s stock valued at $15,902,000 after buying an additional 206,125 shares during the period. New South Capital Management Inc. increased its position in shares of Shoe Carnival by 191.2% during the second quarter. New South Capital Management Inc. now owns 600,747 shares of the company’s stock valued at $14,106,000 after buying an additional 394,453 shares during the period. Bessemer Group Inc. purchased a new position in shares of Shoe Carnival during the second quarter valued at about $302,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Shoe Carnival during the third quarter valued at about $236,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Up 3.7 %

NASDAQ:SCVL opened at $26.89 on Wednesday. The company’s 50 day moving average price is $27.29 and its 200-day moving average price is $24.96. Shoe Carnival, Inc. has a 52 week low of $19.24 and a 52 week high of $30.94. The stock has a market cap of $729.53 million, a price-to-earnings ratio of 9.27 and a beta of 1.49.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.17). The company had revenue of $319.90 million for the quarter, compared to the consensus estimate of $321.03 million. Shoe Carnival had a net margin of 6.70% and a return on equity of 14.52%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. As a group, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.7 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Monday, January 8th were given a $0.12 dividend. The ex-dividend date was Friday, January 5th. This represents a $0.48 annualized dividend and a yield of 1.79%. Shoe Carnival’s payout ratio is presently 16.55%.

Analysts Set New Price Targets

Separately, Monness Crespi & Hardt cut their price objective on shares of Shoe Carnival from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 17th.

View Our Latest Stock Report on SCVL

Shoe Carnival Company Profile

(Free Report)

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 sells its products through online shopping at shoecarnival.com, as well as through mobile application.

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

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