Shoe Carnival, Inc. (NASDAQ:SCVL) Holdings Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,862 shares of the company’s stock after selling 1,004 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of Shoe Carnival worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in Shoe Carnival by 138.3% in the third quarter. Victory Capital Management Inc. now owns 59,239 shares of the company’s stock valued at $2,598,000 after purchasing an additional 34,382 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Shoe Carnival by 69.2% in the third quarter. Pinnacle Associates Ltd. now owns 46,540 shares of the company’s stock valued at $2,041,000 after purchasing an additional 19,030 shares in the last quarter. Creative Planning purchased a new position in Shoe Carnival in the second quarter valued at about $281,000. Millennium Management LLC grew its stake in Shoe Carnival by 726.1% in the second quarter. Millennium Management LLC now owns 101,831 shares of the company’s stock valued at $3,757,000 after purchasing an additional 89,504 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Shoe Carnival by 103.4% in the first 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 in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shares of NASDAQ:SCVL opened at $34.92 on Thursday. Shoe Carnival, Inc. has a fifty-two week low of $24.74 and a fifty-two week high of $46.92. The business has a 50-day moving average of $37.17 and a two-hundred day moving average of $38.63. The stock has a market capitalization of $948.92 million, a P/E ratio of 12.84 and a beta of 1.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.89.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, November 21st. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $316.97 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.135 per share. The ex-dividend date was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.55%. Shoe Carnival’s dividend payout ratio is presently 19.85%.

Wall Street Analyst Weigh In

SCVL has been the topic of a number of recent research reports. Williams Trading boosted 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. StockNews.com raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

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.