Shoe Carnival, Inc. (NASDAQ:SCVL) EVP Carl N. Scibetta Sells 5,415 Shares

Shoe Carnival, Inc. (NASDAQ:SCVL) EVP Carl N. Scibetta sold 5,415 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the transaction, the executive vice president now owns 118,077 shares in the company, valued at $4,185,829.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $35.73 on Thursday. The company has a market capitalization of $969.35 million, a price-to-earnings ratio of 13.33 and a beta of 1.54. Shoe Carnival, Inc. has a one year low of $19.24 and a one year high of $37.08. The company’s fifty day moving average price is $30.00 and its 200-day moving average price is $26.80.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The company had revenue of $280.20 million for the quarter, compared to the consensus estimate of $280.30 million. During the same period in the previous year, the firm posted $0.79 EPS. Shoe Carnival’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts expect that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, April 5th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s payout ratio is currently 17.91%.

Analyst Ratings Changes

Several research firms have weighed in on SCVL. Williams Trading upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, March 22nd. Monness Crespi & Hardt downgraded shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th.

Institutional Trading of Shoe Carnival

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in Shoe Carnival by 124.8% during the first quarter. Advisory Services Network LLC now owns 1,261 shares of the company’s stock worth $32,000 after acquiring an additional 700 shares during the period. SRS Capital Advisors Inc. boosted its stake in Shoe Carnival by 392.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,300 shares of the company’s stock worth $39,000 after buying an additional 1,036 shares during the period. NBC Securities Inc. acquired a new stake in shares of Shoe Carnival during the third quarter valued at about $44,000. Captrust Financial Advisors increased its position in shares of Shoe Carnival by 54.3% during the first quarter. Captrust Financial Advisors now owns 2,278 shares of the company’s stock valued at $66,000 after acquiring an additional 802 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Shoe Carnival during the first quarter valued at about $118,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application.