Thrivent Financial for Lutherans Decreases Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Thrivent Financial for Lutherans decreased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,866 shares of the company’s stock after selling 669 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of Shoe Carnival worth $548,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Shoe Carnival during the 2nd quarter worth $41,000. Maryland State Retirement & Pension System acquired a new position in shares of Shoe Carnival in the first quarter worth about $240,000. Summit Global Investments purchased a new position in Shoe Carnival in the second quarter valued at about $244,000. EMC Capital Management grew its stake in Shoe Carnival by 11.9% during the 1st 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, BOKF NA purchased a new stake in Shoe Carnival during the 1st quarter worth approximately $308,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shoe Carnival Stock Performance

NASDAQ:SCVL opened at $39.00 on Wednesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.39 and a beta of 1.53. Shoe Carnival, Inc. has a one year low of $21.18 and a one year high of $46.92. The stock has a 50-day simple moving average of $41.55 and a 200 day simple moving average of $38.19.

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

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

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.