Wasatch Advisors LP Has $7.79 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Wasatch Advisors LP decreased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 28.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,686 shares of the company’s stock after selling 82,726 shares during the quarter. Wasatch Advisors LP owned about 0.78% of Shoe Carnival worth $7,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCVL. SRS Capital Advisors Inc. boosted its stake in shares of 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 buying an additional 1,036 shares during the period. MTM Investment Management LLC bought a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $231,000. Teza Capital Management LLC bought a new stake in shares of Shoe Carnival in the third quarter valued at approximately $249,000. Louisiana State Employees Retirement System bought a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $272,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $404,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Stock Down 0.9 %

Shares of SCVL stock traded down $0.32 during trading hours on Tuesday, reaching $36.15. The company’s stock had a trading volume of 333,075 shares, compared to its average volume of 202,961. The firm’s 50 day simple moving average is $36.12 and its 200-day simple moving average is $32.48. The company has a market capitalization of $981.83 million, a price-to-earnings ratio of 13.34 and a beta of 1.49. Shoe Carnival, Inc. has a fifty-two week low of $19.87 and a fifty-two week high of $39.65.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $300.37 million for the quarter, compared to the consensus estimate of $292.38 million. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. Sell-side analysts predict that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, July 8th. Shoe Carnival’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling at Shoe Carnival

In related news, Director Andrea R. Guthrie sold 2,467 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total transaction of $80,078.82. Following the sale, the director now owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 34.70% of the company’s stock.

Wall Street Analysts Forecast Growth

SCVL has been the subject of several recent research reports. Monness Crespi & Hardt cut Shoe Carnival from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 19th. Williams Trading upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, March 22nd.

Shoe Carnival Profile

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.