Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 392.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,300 shares of the company’s stock after buying an additional 1,036 shares during the period. SRS Capital Advisors Inc.’s holdings in Shoe Carnival were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SCVL. Vanguard Group Inc. increased its position in shares of Shoe Carnival by 2.1% during the third quarter. Vanguard Group Inc. now owns 1,308,114 shares of the company’s stock worth $31,434,000 after acquiring an additional 26,662 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Shoe Carnival by 10.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 361,394 shares of the company’s stock valued at $8,684,000 after buying an additional 33,599 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Shoe Carnival by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,470 shares of the company’s stock worth $7,509,000 after acquiring an additional 24,238 shares in the last quarter. Meros Investment Management LP grew its stake in shares of Shoe Carnival by 20.1% during the third quarter. Meros Investment Management LP now owns 287,225 shares of the company’s stock worth $6,902,000 after purchasing an additional 48,166 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Shoe Carnival by 6.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 280,640 shares of the company’s stock worth $6,744,000 after acquiring an additional 17,487 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Stock Up 1.6 %

Shares of NASDAQ:SCVL opened at $34.60 on Friday. Shoe Carnival, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $37.08. The firm’s 50-day simple moving average is $33.61 and its 200-day simple moving average is $28.87. The company has a market cap of $937.66 million, a price-to-earnings ratio of 12.91 and a beta of 1.57.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same period last year, the firm earned $0.79 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a dividend of $0.135 per share. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, April 5th. This represents a $0.54 annualized dividend and a dividend yield of 1.56%. Shoe Carnival’s payout ratio is 20.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Monness Crespi & Hardt cut Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, March 22nd.

Insider Activity at Shoe Carnival

In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the sale, the executive vice president now directly owns 118,077 shares in the company, valued at $4,185,829.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Carl N. Scibetta sold 5,415 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total value of $191,961.75. Following the sale, the executive vice president now directly owns 118,077 shares in the company, valued at approximately $4,185,829.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea R. Guthrie sold 2,467 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the transaction, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The disclosure for this sale can be found here. 34.50% of the stock is currently owned by company insiders.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.