Sei Investments Co. Has $1.95 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Sei Investments Co. increased its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,816 shares of the company’s stock after purchasing an additional 595 shares during the period. Sei Investments Co. owned approximately 0.19% of Shoe Carnival worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCVL. Innealta Capital LLC bought a new stake in shares of Shoe Carnival during the 2nd quarter worth about $41,000. Maryland State Retirement & Pension System bought a new position in shares of Shoe Carnival in the first quarter valued at approximately $240,000. Summit Global Investments acquired a new stake in shares of Shoe Carnival in the second quarter worth $244,000. EMC Capital Management boosted its holdings in shares of Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company’s stock worth $274,000 after buying an additional 793 shares during the period. Finally, BOKF NA acquired a new position in Shoe Carnival in the 1st quarter valued at $308,000. 66.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Shoe Carnival Stock Up 3.0 %

Shares of SCVL opened at $41.70 on Friday. The stock’s 50-day moving average price is $41.67 and its 200 day moving average price is $38.12. Shoe Carnival, Inc. has a 12-month low of $21.18 and a 12-month high of $46.92. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.39 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, September 5th. The company reported $0.83 EPS 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 analyst estimates of $331.45 million. During the same period in the prior year, the company posted $0.71 earnings per share. Shoe Carnival’s revenue was up 12.9% on a year-over-year basis. Equities research analysts expect that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be paid a $0.135 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.29%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.

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.