Macquarie Group Ltd. Continues to Hold Stake in Shoe Carnival Inc. (SCVL)
Macquarie Group Ltd. held its position in Shoe Carnival Inc. (NASDAQ:SCVL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 40,700 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd. owned about 0.22% of Shoe Carnival worth $1,020,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in SCVL. BlackRock Group LTD boosted its stake in Shoe Carnival by 39.0% in the first quarter. BlackRock Group LTD now owns 7,034 shares of the company’s stock valued at $189,000 after buying an additional 1,973 shares during the period. Alliancebernstein L.P. boosted its stake in Shoe Carnival by 21.6% in the second quarter. Alliancebernstein L.P. now owns 11,250 shares of the company’s stock valued at $282,000 after buying an additional 2,000 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Shoe Carnival by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 11,847 shares of the company’s stock valued at $319,000 after buying an additional 530 shares during the period. Strs Ohio boosted its stake in Shoe Carnival by 8.4% in the second quarter. Strs Ohio now owns 25,900 shares of the company’s stock valued at $649,000 after buying an additional 2,000 shares during the period. Finally, WBI Investments Inc. acquired a new stake in Shoe Carnival during the second quarter valued at about $663,000. Institutional investors and hedge funds own 62.24% of the company’s stock.
Shoe Carnival Inc. (NASDAQ:SCVL) opened at 26.83 on Thursday. The firm’s 50-day moving average price is $27.30 and its 200 day moving average price is $25.82. The firm has a market cap of $504.99 million, a PE ratio of 18.28 and a beta of 0.96. Shoe Carnival Inc. has a 52-week low of $17.36 and a 52-week high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Wednesday, August 31st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. Shoe Carnival had a return on equity of 8.33% and a net margin of 2.84%. The business earned $231.90 million during the quarter, compared to the consensus estimate of $237.22 million. During the same period in the prior year, the business earned $0.24 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Shoe Carnival Inc. will post $1.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.04%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.18%.
A number of equities research analysts have recently weighed in on the company. Jefferies Group lifted their price objective on Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, September 1st. Zacks Investment Research raised Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Susquehanna initiated coverage on Shoe Carnival in a research note on Thursday, September 15th. They set a “neutral” rating and a $27.00 target price for the company. Sidoti initiated coverage on Shoe Carnival in a research note on Tuesday, June 7th. They set a “neutral” rating and a $27.00 target price for the company. Finally, Sterne Agee CRT reissued a “buy” rating on shares of Shoe Carnival in a research note on Thursday, May 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.00.
Shoe Carnival Company Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. The Company’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic footwear for men, women and children.
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