Shoe Carnival Inc. (NASDAQ:SCVL) announced a quarterly dividend on Monday, September 12th. Stockholders of record on Monday, October 3rd will be paid a dividend of 0.07 per share on Monday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Shoe Carnival (NASDAQ:SCVL) opened at 27.22 on Friday. The stock has a market cap of $512.33 million, a PE ratio of 18.54 and a beta of 0.96. The stock has a 50 day moving average of $27.39 and a 200-day moving average of $25.85. Shoe Carnival has a 52 week low of $17.36 and a 52 week high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. The business earned $231.90 million during the quarter, compared to analysts’ expectations of $237.22 million. Shoe Carnival had a return on equity of 8.33% and a net margin of 2.84%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Equities research analysts predict that Shoe Carnival will post $1.61 earnings per share for the current fiscal year.
Several brokerages have weighed in on SCVL. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday. Susquehanna began coverage on shares of Shoe Carnival in a report on Thursday, September 15th. They set a “neutral” rating and a $27.00 price target on the stock. Jefferies Group lifted their price target on shares of Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, September 1st. Finally, Sidoti began coverage on shares of Shoe Carnival in a report on Tuesday, June 7th. They set a “neutral” rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.
Several large investors have recently added to or reduced their stakes in SCVL. Vanguard Group Inc. boosted its stake in Shoe Carnival by 1.0% in the second quarter. Vanguard Group Inc. now owns 538,388 shares of the company’s stock valued at $13,492,000 after buying an additional 5,553 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Shoe Carnival by 13.2% in the second quarter. BlackRock Investment Management LLC now owns 63,964 shares of the company’s stock valued at $1,603,000 after buying an additional 7,454 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Shoe Carnival by 21.6% in the second quarter. Alliancebernstein L.P. now owns 11,250 shares of the company’s stock valued at $282,000 after buying an additional 2,000 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Shoe Carnival by 8.0% in the second quarter. Teachers Advisors Inc. now owns 37,178 shares of the company’s stock valued at $932,000 after buying an additional 2,759 shares during the last quarter. Finally, WBI Investments Inc. bought a new stake in Shoe Carnival during the second quarter valued at about $663,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.
About Shoe Carnival
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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