Dimensional Fund Advisors LP Sells 1,800 Shares of Shoe Carnival Inc. (SCVL)
Dimensional Fund Advisors LP lowered its stake in Shoe Carnival Inc. (NASDAQ:SCVL) by 0.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,733,696 shares of the company’s stock after selling 1,800 shares during the period. Dimensional Fund Advisors LP owned 8.83% of Shoe Carnival worth $43,446,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management boosted its position in shares of Shoe Carnival by 62.8% in the second quarter. LSV Asset Management now owns 229,298 shares of the company’s stock valued at $5,746,000 after buying an additional 88,486 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Shoe Carnival by 55.8% in the first quarter. Panagora Asset Management Inc. now owns 182,583 shares of the company’s stock valued at $4,922,000 after buying an additional 65,372 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Shoe Carnival during the second quarter valued at approximately $978,000. Victory Capital Management Inc. boosted its position in shares of Shoe Carnival by 5.1% in the second quarter. Victory Capital Management Inc. now owns 647,978 shares of the company’s stock valued at $16,239,000 after buying an additional 31,348 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Shoe Carnival by 157.6% in the second quarter. Nationwide Fund Advisors now owns 39,148 shares of the company’s stock valued at $981,000 after buying an additional 23,950 shares in the last quarter. 64.95% of the stock is currently owned by institutional investors.
Shares of Shoe Carnival Inc. (NASDAQ:SCVL) opened at 25.94 on Friday. The firm has a market cap of $488.24 million, a price-to-earnings ratio of 17.67 and a beta of 0.97. The firm has a 50-day moving average of $27.11 and a 200-day moving average of $25.96. Shoe Carnival Inc. has a 12 month low of $17.36 and a 12 month high of $30.13.
Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Wednesday, August 31st. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. The company earned $231.90 million during the quarter, compared to analysts’ expectations of $237.22 million. Shoe Carnival had a net margin of 2.84% and a return on equity of 8.33%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, analysts anticipate that Shoe Carnival Inc. will post $1.61 EPS for the current year.
The firm also recently declared 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 29th. Shoe Carnival’s payout ratio is currently 19.18%.
SCVL has been the topic of several recent research reports. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, September 22nd. Susquehanna assumed coverage on shares of Shoe Carnival in a research note on Thursday, September 15th. They issued a “neutral” rating and a $27.00 price objective on the stock. Finally, Jefferies Group lifted their price objective on shares of 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. The stock has a consensus rating of “Hold” and an average target price 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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