Shoe Carnival (NASDAQ:SCVL) Hits New 12-Month High at $43.70

Shoe Carnival, Inc. (NASDAQ:SCVL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $43.70 and last traded at $43.44, with a volume of 28250 shares trading hands. The stock had previously closed at $41.33.

Shoe Carnival Trading Up 5.1 %

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.10 and a beta of 1.49. The company has a 50 day moving average price of $38.47 and a 200 day moving average price of $34.95.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $300.37 million during the quarter, compared to analysts’ expectations of $292.38 million. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. Equities analysts predict that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Monday, July 8th. Shoe Carnival’s dividend payout ratio is presently 19.93%.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Shoe Carnival by 0.7% during the second quarter. Rhumbline Advisers now owns 56,711 shares of the company’s stock worth $2,092,000 after buying an additional 394 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Shoe Carnival by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,550 shares of the company’s stock worth $1,164,000 after acquiring an additional 402 shares during the last quarter. Sei Investments Co. grew its holdings in Shoe Carnival by 1.1% during the second quarter. Sei Investments Co. now owns 52,816 shares of the company’s stock valued at $1,948,000 after purchasing an additional 595 shares during the period. EMC Capital Management increased its stake in Shoe Carnival by 11.9% in the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after purchasing an additional 793 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Shoe Carnival by 392.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,300 shares of the company’s stock worth $39,000 after purchasing an additional 1,036 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

About Shoe Carnival

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.