LSV Asset Management Holds Position in Shoe Carnival, Inc. (SCVL)
LSV Asset Management held its position in Shoe Carnival, Inc. (NASDAQ:SCVL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,486 shares of the company’s stock at the end of the 2nd quarter. LSV Asset Management owned about 1.38% of Shoe Carnival worth $4,979,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Shoe Carnival by 5.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock valued at $100,000 after purchasing an additional 200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Shoe Carnival by 482.3% in 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 last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Shoe Carnival during the 1st quarter valued at $249,000. Sanders Morris Harris LLC acquired a new position in shares of Shoe Carnival during the 2nd quarter valued at $280,000. Finally, Airain ltd acquired a new position in shares of Shoe Carnival during the 2nd quarter valued at $282,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Shoe Carnival from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. B. Riley reiterated a “neutral” rating and set a $21.00 target price on shares of Shoe Carnival in a research report on Monday, May 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. Finally, Sidoti upgraded shares of Shoe Carnival from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Shoe Carnival has a consensus rating of “Hold” and a consensus price target of $21.43.
Shoe Carnival, Inc. (NASDAQ:SCVL) opened at 19.31 on Monday. The firm’s 50-day moving average is $17.61 and its 200 day moving average is $21.10. The firm has a market cap of $333.23 million, a P/E ratio of 16.42 and a beta of 0.93. Shoe Carnival, Inc. has a 12-month low of $15.07 and a 12-month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $235.10 million during 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities analysts forecast that Shoe Carnival, Inc. will post $1.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, September 29th. Shoe Carnival’s dividend payout ratio (DPR) is 24.79%.
Shoe Carnival Profile
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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