Andrea R. Guthrie Sells 2,467 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the transaction, the director now directly owns 20,106 shares of the company’s stock, valued at $652,640.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shoe Carnival Stock Performance

Shoe Carnival stock opened at $33.15 on Friday. The company’s fifty day moving average price is $32.75 and its 200 day moving average price is $28.15. Shoe Carnival, Inc. has a 1 year low of $19.24 and a 1 year high of $37.08. The stock has a market capitalization of $898.37 million, a P/E ratio of 12.37 and a beta of 1.56.

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

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a yield of 1.63%. Shoe Carnival’s dividend payout ratio is 20.15%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SCVL shares. Williams Trading raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, March 22nd. Monness Crespi & Hardt lowered shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a report on Tuesday, March 19th.

Institutional Trading of Shoe Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of SCVL. Advisory Services Network LLC grew its position in shares of 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 buying an additional 700 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Shoe Carnival by 392.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,300 shares of the company’s stock valued at $39,000 after purchasing an additional 1,036 shares in the last quarter. NBC Securities Inc. acquired a new position in Shoe Carnival in the third quarter valued at approximately $44,000. Captrust Financial Advisors boosted its holdings in Shoe Carnival by 54.3% in the first quarter. Captrust Financial Advisors now owns 2,278 shares of the company’s stock valued at $66,000 after purchasing an additional 802 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in Shoe Carnival by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the company’s stock valued at $101,000 after purchasing an additional 602 shares in the last quarter. 66.05% of the stock is currently 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 operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.