Jefferies Financial Group Inc. Makes New Investment in Shoe Carnival, Inc. $SHOE

Jefferies Financial Group Inc. bought a new stake in Shoe Carnival, Inc. (NASDAQ:SHOE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 108,300 shares of the company’s stock, valued at approximately $1,606,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHOE. BlackRock Inc. purchased a new stake in Shoe Carnival during the 2nd quarter valued at about $29,007,000. Meros Investment Management LP purchased a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $7,007,000. Millennium Management LLC grew its position in shares of Shoe Carnival by 215.9% in the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock valued at $7,076,000 after purchasing an additional 219,918 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Shoe Carnival by 38.6% in the fourth quarter. Royce & Associates LP now owns 577,201 shares of the company’s stock valued at $9,743,000 after purchasing an additional 160,747 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Shoe Carnival by 341.9% in the fourth quarter. Jane Street Group LLC now owns 205,942 shares of the company’s stock valued at $3,476,000 after purchasing an additional 159,339 shares during the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHOE. Zacks Research lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings assumed coverage on shares of Shoe Carnival in a research report on Monday, June 15th. They set a “hold (c-)” rating for the company. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Shoe Carnival has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Shoe Carnival Trading Down 1.1%

NASDAQ SHOE opened at $13.69 on Friday. The business’s fifty day simple moving average is $15.22. The stock has a market cap of $371.68 million, a PE ratio of 10.14 and a beta of 1.43. Shoe Carnival, Inc. has a twelve month low of $13.55 and a twelve month high of $26.57.

Shoe Carnival (NASDAQ:SHOE) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. The firm had revenue of $270.73 million for the quarter. Analysts expect that Shoe Carnival, Inc. will post 1.5 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, July 6th. Shoe Carnival’s dividend payout ratio is currently 50.37%.

About Shoe Carnival

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.