Thrivent Financial For Lutherans Takes $748,000 Position in Shoe Carnival, Inc. (SCVL)
Thrivent Financial For Lutherans purchased a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,834 shares of the company’s stock, valued at approximately $748,000. Thrivent Financial For Lutherans owned approximately 0.21% of Shoe Carnival at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Shoe Carnival by 5.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after purchasing an additional 200 shares in the last quarter. Comerica Bank lifted its position in shares of Shoe Carnival by 3.7% in the first quarter. Comerica Bank now owns 14,693 shares of the company’s stock worth $376,000 after purchasing an additional 530 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Shoe Carnival by 2.5% in the second quarter. Legal & General Group Plc now owns 22,564 shares of the company’s stock worth $471,000 after purchasing an additional 557 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Shoe Carnival by 2.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 44,984 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Shoe Carnival by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 53,541 shares of the company’s stock worth $1,315,000 after purchasing an additional 1,152 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.
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Shoe Carnival, Inc. (NASDAQ:SCVL) opened at 21.84 on Wednesday. The company’s 50-day moving average is $19.67 and its 200 day moving average is $20.55. Shoe Carnival, Inc. has a 12 month low of $15.08 and a 12 month high of $31.79. The company has a market cap of $371.69 million, a price-to-earnings ratio of 18.06 and a beta of 0.94.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The firm had revenue of $235.10 million for 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 business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Equities analysts forecast that Shoe Carnival, Inc. will post $1.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, September 29th. Shoe Carnival’s payout ratio is 24.79%.
In other news, Director Charles B. Tomm bought 11,190 shares of the business’s stock in a transaction on Friday, September 29th. The shares were purchased at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the purchase, the director now owns 16,948 shares of the company’s stock, valued at approximately $384,550.12. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 32.60% of the company’s stock.
A number of analysts have recently issued reports on SCVL shares. Susquehanna Bancshares Inc raised shares of Shoe Carnival from a “neutral” rating to a “positive” rating and increased their price target for the stock from $19.00 to $23.00 in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, September 20th. BidaskClub lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Sidoti lowered shares of Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Tuesday, October 3rd. Finally, UBS AG raised shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. One equities 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. The company has an average rating of “Hold” and an average target price of $22.57.
Shoe Carnival Company 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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