Timothy T. Baker Sells 10,000 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) VP Timothy T. Baker sold 10,000 shares of Shoe Carnival stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the vice president now directly owns 50,408 shares of the company’s stock, valued at $2,444,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:SCVL opened at $49.18 on Tuesday. The firm has a fifty day moving average of $45.17 and a two-hundred day moving average of $37.15. The firm has a market capitalization of $693.63 million, a P/E ratio of 59.98 and a beta of 1.47. Shoe Carnival, Inc. has a 12-month low of $12.56 and a 12-month high of $53.82.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 25th. Stockholders of record on Monday, January 11th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, January 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. Shoe Carnival’s payout ratio is 12.90%.

SCVL has been the subject of several analyst reports. TheStreet downgraded Shoe Carnival from a “b-” rating to a “c” rating in a research note on Wednesday, November 18th. Pivotal Research upped their price target on Shoe Carnival from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, November 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $39.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCVL. Fieldpoint Private Securities LLC acquired a new position in shares of Shoe Carnival during the fourth quarter worth approximately $29,000. US Bancorp DE bought a new stake in shares of Shoe Carnival during the fourth quarter worth $31,000. Citigroup Inc. increased its position in shares of Shoe Carnival by 242.6% during the fourth quarter. Citigroup Inc. now owns 2,340 shares of the company’s stock worth $92,000 after acquiring an additional 1,657 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Shoe Carnival by 214.7% during the third quarter. BNP Paribas Arbitrage SA now owns 2,552 shares of the company’s stock worth $86,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Shoe Carnival by 40.8% in the third quarter. Pacer Advisors Inc. now owns 5,635 shares of the company’s stock valued at $189,000 after purchasing an additional 1,634 shares in the last quarter. 76.79% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Company Profile

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, and wallets.

See Also: What does a neutral rating on stocks mean?

Insider Buying and Selling by Quarter for Shoe Carnival (NASDAQ:SCVL)

Receive News & Ratings for Shoe Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoe Carnival and related companies with MarketBeat.com's FREE daily email newsletter.