D. E. Shaw & Co. Inc. decreased its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 10.3% during the 4th quarter, HoldingsChannel reports. The fund owned 175,561 shares of the company’s stock after selling 20,176 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Shoe Carnival were worth $5,883,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Smith Asset Management Group LP acquired a new position in shares of Shoe Carnival during the 4th quarter valued at $69,000. Advisor Group Inc. lifted its holdings in shares of Shoe Carnival by 1,066.1% during the 4th quarter. Advisor Group Inc. now owns 2,134 shares of the company’s stock valued at $71,000 after acquiring an additional 1,951 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Shoe Carnival in the 4th quarter worth $111,000. Oregon Public Employees Retirement Fund acquired a new position in Shoe Carnival in the 4th quarter worth $128,000. Finally, QS Investors LLC lifted its holdings in Shoe Carnival by 224.0% in the 4th quarter. QS Investors LLC now owns 4,050 shares of the company’s stock worth $136,000 after buying an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.
A number of equities analysts have commented on the stock. Pivotal Research reiterated a “buy” rating and issued a $45.00 price objective (down previously from $47.00) on shares of Shoe Carnival in a report on Tuesday, January 15th. ValuEngine lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Friday, March 1st. BidaskClub lowered shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Susquehanna Bancshares upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating and set a $42.00 price objective on the stock in a report on Wednesday, January 2nd. Finally, UBS Group upgraded shares of Shoe Carnival from a “neutral” rating to a “positive” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.20.
Shares of SCVL stock opened at $35.87 on Friday. Shoe Carnival, Inc. has a 12 month low of $22.21 and a 12 month high of $45.00. The firm has a market capitalization of $470.44 million, a price-to-earnings ratio of 14.64 and a beta of 0.78.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Shoe Carnival had a net margin of 3.70% and a return on equity of 12.38%. The firm had revenue of $234.70 million for the quarter, compared to analyst estimates of $232.84 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Equities analysts expect that Shoe Carnival, Inc. will post 2.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.08 dividend. The ex-dividend date is Friday, April 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. Shoe Carnival’s dividend payout ratio is currently 13.06%.
Shoe Carnival Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.
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