UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.20 Million Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,069 shares of the company’s stock after buying an additional 6,946 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Shoe Carnival worth $2,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Global Investments acquired a new stake in shares of Shoe Carnival during the second quarter worth $244,000. SummerHaven Investment Management LLC grew its position in shares of Shoe Carnival by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,550 shares of the company’s stock worth $1,164,000 after buying an additional 402 shares during the period. Innealta Capital LLC bought a new stake in shares of Shoe Carnival in the 2nd quarter valued at about $41,000. Rhumbline Advisers increased its stake in shares of Shoe Carnival by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 56,711 shares of the company’s stock valued at $2,092,000 after acquiring an additional 394 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Shoe Carnival by 11.3% in the 2nd quarter. Victory Capital Management Inc. now owns 24,857 shares of the company’s stock valued at $917,000 after acquiring an additional 2,530 shares during the period. Institutional investors own 66.05% of the company’s stock.

Insider Transactions at Shoe Carnival

In other Shoe Carnival news, Chairman Wayne J. Weaver bought 285,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $33.91 per share, for a total transaction of $9,681,305.00. Following the transaction, the chairman now directly owns 4,173,529 shares in the company, valued at approximately $141,524,368.39. This represents a 7.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 34.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on SCVL. StockNews.com raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Williams Trading raised their target price on shares of 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 opened at $34.27 on Monday. Shoe Carnival, Inc. has a 52-week low of $24.94 and a 52-week high of $46.92. The firm has a market cap of $931.12 million, a P/E ratio of 12.60 and a beta of 1.53. The business’s fifty day moving average is $36.06 and its 200-day moving average is $38.57.

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

Shoe Carnival declared that its Board of Directors has initiated a share buyback program on Thursday, December 12th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 13th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, January 13th. Shoe Carnival’s dividend payout ratio is presently 19.85%.

Shoe Carnival 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.