Shoe Carnival, Inc. (NASDAQ:SCVL – Get Free Report) 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 – Get Free Report) 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
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.
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