Swiss National Bank Has $551,000 Holdings in Shoe Carnival (NASDAQ:SCVL)

Swiss National Bank decreased its position in Shoe Carnival (NASDAQ:SCVL) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,600 shares of the company’s stock after selling 3,700 shares during the period. Swiss National Bank owned 0.12% of Shoe Carnival worth $551,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SCVL. Alambic Investment Management L.P. raised its stake in Shoe Carnival by 15.5% during the 4th quarter. Alambic Investment Management L.P. now owns 19,337 shares of the company’s stock worth $517,000 after acquiring an additional 2,600 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Shoe Carnival by 36.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,580 shares of the company’s stock valued at $363,000 after purchasing an additional 3,640 shares during the period. Ameriprise Financial Inc. increased its stake in Shoe Carnival by 7.7% in the third quarter. Ameriprise Financial Inc. now owns 89,684 shares of the company’s stock valued at $2,009,000 after purchasing an additional 6,375 shares during the period. Texas Permanent School Fund acquired a new position in Shoe Carnival in the fourth quarter valued at $206,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Shoe Carnival in the third quarter valued at $224,000. 78.20% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP W Kerry Jackson sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $23.82, for a total transaction of $95,280.00. Following the transaction, the executive vice president now owns 131,187 shares of the company’s stock, valued at $3,124,874.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Clifton E. Sifford sold 7,500 shares of Shoe Carnival stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $23.75, for a total transaction of $178,125.00. Following the completion of the transaction, the chief executive officer now directly owns 238,903 shares in the company, valued at approximately $5,673,946.25. The disclosure for this sale can be found here. 28.50% of the stock is owned by corporate insiders.

SCVL traded up $0.08 on Friday, reaching $23.86. The company had a trading volume of 156,157 shares, compared to its average volume of 348,624. Shoe Carnival has a one year low of $15.07 and a one year high of $28.38. The firm has a market capitalization of $393.02, a PE ratio of 16.01, a P/E/G ratio of 1.04 and a beta of 0.81.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Tuesday, March 27th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Shoe Carnival had a net margin of 1.86% and a return on equity of 8.02%. The company had revenue of $243.23 million during the quarter, compared to analyst estimates of $248.19 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. research analysts anticipate that Shoe Carnival will post 1.92 earnings per share for the current fiscal year.

Shoe Carnival announced that its board has authorized a share buyback program on Tuesday, December 19th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, April 6th. Shoe Carnival’s dividend payout ratio (DPR) is 20.13%.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Pivotal Research set a $30.00 price objective on shares of Shoe Carnival and gave the stock a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Friday, March 30th. TheStreet lowered shares of Shoe Carnival from a “b” rating to a “c+” rating in a research report on Wednesday, March 28th. Finally, Wedbush reaffirmed a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Shoe Carnival in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.43.

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About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as family footwear retailer in the United States. It provides various dress, casual, and athletic footwear products for men, women, and children, as well as accessories, including socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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

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