Shoe Carnival, Inc. Declares Quarterly Dividend of $0.08 (SCVL)
Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.075 per share on Monday, October 16th. This represents a $0.30 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, September 29th.
Shares of Shoe Carnival (NASDAQ SCVL) opened at 19.01 on Friday. The stock has a market capitalization of $328.06 million, a P/E ratio of 16.16 and a beta of 0.93. The company’s 50-day moving average is $17.59 and its 200 day moving average is $21.14. Shoe Carnival has a 52 week low of $15.08 and a 52 week high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Shoe Carnival had a net margin of 2.09% and a return on equity of 7.37%. The firm had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.26 million. During the same quarter last year, the firm posted $0.22 earnings per share. Shoe Carnival’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Shoe Carnival will post $1.43 EPS for the current fiscal year.
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Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target (down previously from $21.00) on shares of Shoe Carnival in a report on Thursday, August 31st. Susquehanna Bancshares Inc raised their price target on shares of Shoe Carnival from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 31st. Wedbush assumed coverage on shares of Shoe Carnival in a report on Monday, August 14th. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, BidaskClub lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Shoe Carnival presently has an average rating of “Hold” and an average target price of $21.43.
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. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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