Foundry Partners LLC Purchases 940 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Foundry Partners LLC increased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 0.6% during the third quarter, Holdings Channel.com reports. The firm owned 149,735 shares of the company’s stock after buying an additional 940 shares during the quarter. Foundry Partners LLC’s holdings in Shoe Carnival were worth $6,566,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SCVL. Innealta Capital LLC acquired a new position in shares of Shoe Carnival during the second quarter valued at about $41,000. Everence Capital Management Inc. bought a new position in Shoe Carnival in the 3rd quarter valued at about $224,000. Aigen Investment Management LP acquired a new position in Shoe Carnival during the 3rd quarter valued at about $237,000. Summit Global Investments bought a new stake in Shoe Carnival during the 2nd quarter worth approximately $244,000. Finally, EMC Capital Management increased its holdings in Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company’s stock worth $274,000 after purchasing an additional 793 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Williams Trading raised their target price on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

Shoe Carnival Price Performance

NASDAQ SCVL opened at $33.48 on Thursday. The company has a fifty day moving average price of $39.03 and a 200-day moving average price of $38.70. The firm has a market cap of $909.65 million, a price-to-earnings ratio of 11.87 and a beta of 1.56. Shoe Carnival, Inc. has a 1 year low of $22.75 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The business had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Shoe Carnival, Inc. will post 2.54 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a $0.135 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.61%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

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.