Victory Capital Management Inc. Boosts Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Victory Capital Management Inc. increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 138.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,239 shares of the company’s stock after buying an additional 34,382 shares during the period. Victory Capital Management Inc. owned 0.22% of Shoe Carnival worth $2,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCVL. State Board of Administration of Florida Retirement System purchased a new stake in Shoe Carnival during the 1st quarter valued at $335,000. CANADA LIFE ASSURANCE Co boosted its stake in Shoe Carnival by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company’s stock valued at $562,000 after purchasing an additional 1,562 shares during the last quarter. BOKF NA purchased a new stake in Shoe Carnival during the 1st quarter valued at $308,000. Janus Henderson Group PLC boosted its stake in Shoe Carnival by 103.4% during the 1st quarter. Janus Henderson Group PLC now owns 16,611 shares of the company’s stock valued at $608,000 after purchasing an additional 8,445 shares during the last quarter. Finally, EMC Capital Management boosted 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 during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Friday. Williams Trading increased their target price 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 Stock Performance

SCVL stock opened at $33.90 on Friday. The company has a market cap of $921.06 million, a P/E ratio of 12.46 and a beta of 1.56. Shoe Carnival, Inc. has a 1 year low of $22.75 and a 1 year high of $46.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.70. The stock’s fifty day moving average price is $38.78 and its 200-day moving average price is $38.66.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, equities analysts forecast that Shoe Carnival, Inc. will post 2.67 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.59%. Shoe Carnival’s dividend payout ratio is currently 19.85%.

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.