Strategic Wealth Advisors Group LLC acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,866 shares of the company’s stock, valued at approximately $644,000. Strategic Wealth Advisors Group LLC owned 0.12% of Shoe Carnival as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackay Shields LLC lifted its position in shares of Shoe Carnival by 5.9% during the 2nd quarter. Mackay Shields LLC now owns 57,200 shares of the company’s stock worth $1,856,000 after buying an additional 3,200 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Shoe Carnival by 0.5% in the 1st quarter. Northern Trust Corp now owns 727,285 shares of the company’s stock valued at $17,309,000 after acquiring an additional 3,319 shares during the period. Systematic Financial Management LP increased its holdings in shares of Shoe Carnival by 9.1% in the 1st quarter. Systematic Financial Management LP now owns 45,963 shares of the company’s stock valued at $1,094,000 after acquiring an additional 3,820 shares during the period. SG Americas Securities LLC acquired a new position in shares of Shoe Carnival in the 2nd quarter valued at $125,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Shoe Carnival in the 2nd quarter valued at $141,000. 79.13% of the stock is owned by institutional investors and hedge funds.
In other Shoe Carnival news, Director Kent A. Kleeberger sold 2,172 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $44.11, for a total transaction of $95,806.92. Following the sale, the director now directly owns 16,460 shares in the company, valued at approximately $726,050.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.70% of the stock is currently owned by insiders.
Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Tuesday, August 28th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.56 by $0.20. The company had revenue of $268.37 million for the quarter, compared to analyst estimates of $265.16 million. Shoe Carnival had a net margin of 2.98% and a return on equity of 12.06%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. As a group, equities research analysts forecast that Shoe Carnival, Inc. will post 2.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. Shoe Carnival’s payout ratio is currently 21.48%.
SCVL has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Saturday, August 25th. BidaskClub cut shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a report on Friday, September 28th. Pivotal Research lifted their target price on shares of Shoe Carnival from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Shoe Carnival in a report on Thursday, July 19th. Finally, Citigroup cut shares of Shoe Carnival from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Thursday, July 19th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $35.17.
About Shoe Carnival
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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