Victory Capital Management Inc. Purchases 2,530 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Victory Capital Management Inc. boosted its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,857 shares of the company’s stock after acquiring an additional 2,530 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Shoe Carnival worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Shoe Carnival in the second quarter valued at $41,000. Maryland State Retirement & Pension System bought a new position in shares of Shoe Carnival during the first quarter valued at about $240,000. Summit Global Investments bought a new position in shares of Shoe Carnival during the second quarter valued at about $244,000. EMC Capital Management grew its stake in shares of Shoe Carnival by 11.9% during the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after buying an additional 793 shares during the last quarter. Finally, BOKF NA bought a new position in shares of Shoe Carnival during the first quarter valued at about $308,000. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Trading Down 0.9 %

Shares of NASDAQ:SCVL opened at $45.41 on Friday. The stock’s 50-day moving average price is $41.01 and its 200-day moving average price is $37.20. Shoe Carnival, Inc. has a 12-month low of $21.18 and a 12-month high of $46.92. The stock has a market capitalization of $1.23 billion, a P/E ratio of 16.76 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. Shoe Carnival’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, research analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.19%. Shoe Carnival’s payout ratio is presently 19.93%.

Wall Street Analysts Forecast Growth

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

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.