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:SCVLFree Report) 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.

Check Out Our Latest Report on SCVL

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:SCVLGet Free Report) 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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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