Shoe Carnival, Inc. (NASDAQ:SCVL) declared a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Monday, January 8th will be paid a dividend of 0.075 per share on Monday, January 22nd. This represents a $0.30 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, January 5th.

Shares of Shoe Carnival (NASDAQ:SCVL) traded up $1.22 on Wednesday, reaching $27.24. The company’s stock had a trading volume of 336,749 shares, compared to its average volume of 206,035. Shoe Carnival has a 52-week low of $15.07 and a 52-week high of $29.30. The company has a market cap of $440.41, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, November 16th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The company had revenue of $287.47 million during the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. sell-side analysts expect that Shoe Carnival will post 1.48 earnings per share for the current fiscal year.

In related news, Director Charles B. Tomm acquired 11,190 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 16,948 shares in the company, valued at $384,550.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.60% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on SCVL shares. Susquehanna Bancshares restated a “hold” rating and set a $18.00 target price on shares of Shoe Carnival in a research report on Monday, August 28th. Jefferies Group restated 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. Zacks Investment Research upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, September 7th. UBS upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Finally, 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 report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Shoe Carnival currently has a consensus rating of “Hold” and an average target price of $25.63.

Shoe Carnival announced that its board has authorized a share repurchase program on Tuesday, December 19th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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.

Dividend History for Shoe Carnival (NASDAQ:SCVL)

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