Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie Sells 2,467 Shares of 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 completion of the transaction, the director now directly owns 20,106 shares in the company, valued at approximately $652,640.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shoe Carnival Trading Down 0.6 %

Shares of SCVL stock opened at $32.46 on Friday. Shoe Carnival, Inc. has a twelve month low of $19.24 and a twelve month high of $37.08. The stock has a market capitalization of $879.67 million, a price-to-earnings ratio of 12.11 and a beta of 1.56. The stock has a fifty day simple moving average of $32.65 and a two-hundred day simple moving average of $28.09.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be paid a dividend of $0.135 per share. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, April 5th. Shoe Carnival’s dividend payout ratio is 20.15%.

Institutional Investors Weigh In On Shoe Carnival

A number of hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in shares of Shoe Carnival by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 101,337 shares of the company’s stock worth $3,061,000 after purchasing an additional 361 shares during the last quarter. Comerica Bank lifted its stake in shares of Shoe Carnival by 2.3% during the 4th quarter. Comerica Bank now owns 25,031 shares of the company’s stock worth $756,000 after purchasing an additional 552 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Shoe Carnival by 4.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,494 shares of the company’s stock worth $463,000 after purchasing an additional 592 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Shoe Carnival by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the company’s stock valued at $101,000 after buying an additional 602 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Shoe Carnival by 124.8% in the first quarter. Advisory Services Network LLC now owns 1,261 shares of the company’s stock valued at $32,000 after buying an additional 700 shares during the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SCVL has been the topic of several research analyst reports. Monness Crespi & Hardt downgraded 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 price objective on the stock in a research report on Friday, March 22nd.

Shoe Carnival Company Profile

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.