Dupont Capital Management Corp lessened its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,688 shares of the company’s stock after selling 14,677 shares during the period. Dupont Capital Management Corp’s holdings in Shoe Carnival were worth $527,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Shoe Carnival by 7.3% during the second quarter. BlackRock Inc. now owns 1,648,258 shares of the company’s stock worth $53,485,000 after purchasing an additional 112,623 shares during the period. LSV Asset Management lifted its holdings in shares of Shoe Carnival by 4.5% during the second quarter. LSV Asset Management now owns 891,979 shares of the company’s stock worth $28,944,000 after purchasing an additional 38,784 shares during the period. Acadian Asset Management LLC lifted its holdings in Shoe Carnival by 125.7% in the third quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock valued at $15,779,000 after buying an additional 228,244 shares during the period. WINTON GROUP Ltd lifted its holdings in Shoe Carnival by 44.8% in the second quarter. WINTON GROUP Ltd now owns 264,733 shares of the company’s stock valued at $8,591,000 after buying an additional 81,915 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in Shoe Carnival by 110.9% in the second quarter. Citadel Advisors LLC now owns 256,079 shares of the company’s stock valued at $8,310,000 after buying an additional 134,651 shares during the period. Institutional investors own 78.30% of the company’s stock.

In other news, Director Kent A. Kleeberger sold 2,172 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $44.11, for a total transaction of $95,806.92. Following the transaction, the director now owns 16,460 shares in the company, valued at $726,050.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.70% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on SCVL. Zacks Investment Research lowered shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub upgraded shares of Shoe Carnival from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. Pivotal Research boosted their target price on shares of Shoe Carnival from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wedbush dropped their target price on shares of Shoe Carnival from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, November 16th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.60.

SCVL stock opened at $35.25 on Wednesday. The firm has a market capitalization of $641.47 million, a P/E ratio of 23.66 and a beta of 0.79. Shoe Carnival, Inc. has a 12-month low of $21.01 and a 12-month high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, November 15th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.15. The business had revenue of $269.18 million for the quarter, compared to analyst estimates of $265.40 million. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. Equities analysts expect that Shoe Carnival, Inc. will post 2.38 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 22nd. Investors of record on Monday, October 8th were issued a $0.08 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.32 annualized dividend and a yield of 0.91%. Shoe Carnival’s payout ratio is 21.48%.

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About Shoe Carnival

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.

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

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