Swiss National Bank Has $586,000 Position in Shoe Carnival Inc. (SCVL)
Swiss National Bank held its stake in shares of Shoe Carnival Inc. (NASDAQ:SCVL) during the second quarter, Holdings Channel reports. The fund owned 23,400 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.12% of Shoe Carnival worth $586,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Shoe Carnival by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 11,847 shares of the company’s stock worth $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 worth $649,000 after buying an additional 2,000 shares during the period. Renaissance Technologies LLC boosted its stake in Shoe Carnival by 13.4% in the first quarter. Renaissance Technologies LLC now owns 39,000 shares of the company’s stock worth $1,051,000 after buying an additional 4,600 shares during the period. Bank of New York Mellon Corp boosted its stake in Shoe Carnival by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 99,016 shares of the company’s stock worth $2,482,000 after buying an additional 2,397 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Shoe Carnival by 55.8% in the first quarter. Panagora Asset Management Inc. now owns 182,583 shares of the company’s stock worth $4,922,000 after buying an additional 65,372 shares during the period. Hedge funds and other institutional investors own 64.95% of the company’s stock.
Shares of Shoe Carnival Inc. (NASDAQ:SCVL) traded down 0.135% on Friday, hitting $25.885. The stock had a trading volume of 20,486 shares. Shoe Carnival Inc. has a 12-month low of $17.36 and a 12-month high of $30.13. The company has a market cap of $487.21 million, a price-to-earnings ratio of 17.633 and a beta of 0.97. The stock has a 50 day moving average price of $27.21 and a 200-day moving average price of $25.97.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 31st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $231.90 million for the quarter, compared to analyst estimates of $237.22 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Shoe Carnival Inc. will post $1.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.28 annualized dividend and a yield of 1.08%. Shoe Carnival’s payout ratio is 19.18%.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 8th. Susquehanna assumed coverage on Shoe Carnival in a research note on Thursday, September 15th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, Jefferies Group increased their price target on Shoe Carnival from $24.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, September 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock 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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