Dupont Capital Management Corp purchased a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,400 shares of the company’s stock, valued at approximately $815,000. Dupont Capital Management Corp owned approximately 0.21% of Shoe Carnival as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCVL. 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 valued at $186,000 after purchasing an additional 6,260 shares during the period. Tower Research Capital LLC TRC bought a new stake in Shoe Carnival during the 2nd quarter valued at approximately $175,000. Crossmark Global Holdings Inc. bought a new stake in Shoe Carnival during the 3rd quarter valued at approximately $222,000. Tudor Investment Corp ET AL bought a new stake in Shoe Carnival during the 1st quarter valued at approximately $249,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Shoe Carnival during the 3rd quarter valued at approximately $242,000. Institutional investors own 64.12% of the company’s stock.
Several analysts recently weighed in on the company. Sidoti downgraded Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price (down previously from $21.00) on shares of Shoe Carnival in a research note on Thursday, August 31st. UBS AG raised Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, September 20th. Finally, Susquehanna Bancshares Inc raised Shoe Carnival from a “neutral” rating to a “positive” rating and upped their price target for the company from $19.00 to $23.00 in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.57.
In related news, Director Charles B. Tomm bought 11,190 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of $22.69 per share, with a total value of $253,901.10. Following the acquisition, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.50% of the company’s stock.
Shoe Carnival, Inc. (SCVL) opened at $19.44 on Friday. The company has a quick ratio of 0.25, a current ratio of 3.38 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $330.87, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. Shoe Carnival, Inc. has a twelve month low of $15.07 and a twelve month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $235.10 million during the quarter, compared to analysts’ expectations of $232.26 million. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. equities research analysts expect that Shoe Carnival, Inc. will post 1.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued 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 dividend yield of 1.54%. Shoe Carnival’s payout ratio is presently 24.79%.
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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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