D. E. Shaw & Co. Inc. Sells 20,176 Shares of Shoe Carnival, Inc. (SCVL)

Share on StockTwits

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%.

TRADEMARK VIOLATION WARNING: “D. E. Shaw & Co. Inc. Sells 20,176 Shares of Shoe Carnival, Inc. (SCVL)” was originally published by Macon Daily and is the sole property of of Macon Daily. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://macondaily.com/2019/03/29/d-e-shaw-co-inc-sells-20176-shares-of-shoe-carnival-inc-scvl.html.

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.

Featured Story: How Investors Can Profit from Options Trading

Want to see what other hedge funds are holding SCVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoe Carnival, Inc. (NASDAQ:SCVL).

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

Receive News & Ratings for Shoe Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival and related companies with MarketBeat.com's FREE daily email newsletter.