Shoe Carnival (NASDAQ:SCVL) PT Raised to $51.00

Shoe Carnival (NASDAQ:SCVL) had its price target raised by Williams Trading from $42.00 to $51.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $40.44 on Thursday. Shoe Carnival has a fifty-two week low of $20.75 and a fifty-two week high of $44.48. The firm has a market cap of $1.10 billion, a P/E ratio of 14.92 and a beta of 1.49. The business’s 50 day moving average price is $39.82 and its 200-day moving average price is $36.32.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.54 annualized dividend and a yield of 1.34%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

Institutional Investors Weigh In On Shoe Carnival

A number of large investors have recently modified their holdings of the stock. Creative Planning bought a new position in Shoe Carnival in the second quarter worth about $281,000. Millennium Management LLC grew its holdings in shares of Shoe Carnival by 726.1% during the 2nd quarter. Millennium Management LLC now owns 101,831 shares of the company’s stock worth $3,757,000 after acquiring an additional 89,504 shares during the period. Maverick Capital Ltd. raised its position in shares of Shoe Carnival by 98.9% in the 2nd quarter. Maverick Capital Ltd. now owns 56,790 shares of the company’s stock worth $2,095,000 after acquiring an additional 28,233 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Shoe Carnival by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 39,420 shares of the company’s stock valued at $1,454,000 after purchasing an additional 1,946 shares during the period. Finally, Sei Investments Co. grew its stake in Shoe Carnival by 1.1% in the second quarter. Sei Investments Co. now owns 52,816 shares of the company’s stock worth $1,948,000 after purchasing an additional 595 shares during the period. Institutional investors own 66.05% of the company’s stock.

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.