Prudential Financial Inc. lessened its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 10.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 187,946 shares of the company’s stock after selling 22,823 shares during the period. Prudential Financial Inc.’s holdings in Shoe Carnival were worth $7,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Shoe Carnival by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 18,701 shares of the company’s stock worth $719,000 after acquiring an additional 1,289 shares during the period. Stone Ridge Asset Management LLC raised its holdings in Shoe Carnival by 5.3% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 34,944 shares of the company’s stock worth $1,345,000 after acquiring an additional 1,765 shares during the period. Mackay Shields LLC raised its holdings in Shoe Carnival by 5.9% in the 2nd quarter. Mackay Shields LLC now owns 57,200 shares of the company’s stock worth $1,856,000 after acquiring an additional 3,200 shares during the period. SG Americas Securities LLC bought a new position in Shoe Carnival in the 2nd quarter worth $125,000. Finally, Itau Unibanco Holding S.A. bought a new position in Shoe Carnival in the 2nd quarter worth $141,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.
In other news, Director Kent A. Kleeberger sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total transaction of $55,155.00. Following the transaction, the director now owns 14,960 shares in the company, valued at approximately $550,079.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.70% of the company’s stock.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.15. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. The company had revenue of $269.18 million for the quarter, compared to the consensus estimate of $265.40 million. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.38 earnings per share for the current year.
Several research analysts have recently issued reports on SCVL shares. Pivotal Research set a $39.00 price objective on shares of Shoe Carnival and gave the stock a “buy” rating in a report on Monday, August 27th. Zacks Investment Research upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Saturday, August 25th. BidaskClub upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. ValuEngine downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wedbush boosted their price objective on shares of Shoe Carnival from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.60.
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Shoe Carnival Company Profile
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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