Shoe Carnival, Inc. (NASDAQ:SCVL) Stock Position Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,971 shares of the company’s stock after selling 17,838 shares during the quarter. Envestnet Asset Management Inc. owned about 0.82% of Shoe Carnival worth $8,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Shoe Carnival by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 333,411 shares of the company’s stock worth $10,072,000 after purchasing an additional 20,941 shares during the last quarter. Soviero Asset Management LP boosted its stake in Shoe Carnival by 244.3% in the 4th quarter. Soviero Asset Management LP now owns 241,000 shares of the company’s stock worth $7,281,000 after purchasing an additional 171,000 shares during the period. Wasatch Advisors LP lifted its stake in Shoe Carnival by 22.2% in the 4th quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock worth $8,924,000 after acquiring an additional 53,702 shares in the last quarter. Sebold Capital Management Inc. increased its stake in Shoe Carnival by 19.3% in the 1st quarter. Sebold Capital Management Inc. now owns 22,573 shares of the company’s stock valued at $827,000 after buying an additional 3,653 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Shoe Carnival by 16.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after acquiring an additional 27,404 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Up 0.8 %

Shares of NASDAQ SCVL opened at $43.63 on Friday. The business’s 50 day moving average is $41.60 and its two-hundred day moving average is $37.73. Shoe Carnival, Inc. has a 12 month low of $21.18 and a 12 month high of $46.92. The company has a market cap of $1.19 billion, a P/E ratio of 16.10 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The firm had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

Analysts Set New Price Targets

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

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.