OxFORD Asset Management LLP purchased a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,832 shares of the company’s stock, valued at approximately $539,000. OxFORD Asset Management LLP owned 0.15% of Shoe Carnival as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Shoe Carnival by 482.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after purchasing an additional 6,260 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Shoe Carnival during the 1st quarter worth $249,000. Alliancebernstein L.P. boosted its stake in Shoe Carnival by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock worth $227,000 after purchasing an additional 1,300 shares during the last quarter. United Capital Financial Advisers LLC acquired a new stake in Shoe Carnival during the 1st quarter worth $303,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of Shoe Carnival during the 2nd quarter valued at about $280,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
Shoe Carnival, Inc. (SCVL) opened at 21.21 on Friday. The company has a 50-day moving average price of $20.79 and a 200-day moving average price of $20.31. The firm has a market capitalization of $360.97 million, a P/E ratio of 17.54 and a beta of 0.94. Shoe Carnival, Inc. has a one year low of $15.08 and a one year high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.26 million. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. Shoe Carnival’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post $1.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.30 dividend on an annualized basis and a yield of 1.41%. Shoe Carnival’s payout ratio is 24.79%.
In other news, Director Charles B. Tomm acquired 11,190 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of $22.69 per share, for a total transaction of $253,901.10. Following the transaction, the director now owns 16,948 shares of the company’s stock, valued at $384,550.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 28.50% of the stock is currently owned by company insiders.
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Several research analysts have recently weighed in on SCVL shares. Susquehanna Bancshares Inc reissued a “hold” rating and set a $18.00 price target on shares of Shoe Carnival in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Sidoti lowered shares of Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective (down from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. Finally, BidaskClub lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.57.
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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