Shoe Carnival, Inc. (SCVL) to Distribute Quarterly Dividend of $0.17 on July 20th

Shoe Carnival, Inc. (NASDAQ:SCVL) declared a quarterly dividend on Thursday, June 11th. Investors of record on Monday, July 6th will be given a dividend of 0.17 per share on Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, July 6th.

Shoe Carnival has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Shoe Carnival to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.6%.

Shoe Carnival Trading Down 0.0%

Shares of SCVL stock opened at $17.43 on Friday. Shoe Carnival has a 12 month low of $14.91 and a 12 month high of $26.57. The stock has a market cap of $473.11 million, a P/E ratio of 12.91 and a beta of 1.41. The company has a 50 day simple moving average of $17.26 and a two-hundred day simple moving average of $18.14.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. The firm had revenue of $270.73 million during the quarter, compared to the consensus estimate of $268.73 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Shoe Carnival will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCVL. Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a research report on Friday, March 27th. Zacks Research raised Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.