Blueshift Asset Management LLC Takes $501,000 Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Blueshift Asset Management LLC acquired a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,431 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors have also recently added to or reduced their stakes in SCVL. Victory Capital Management Inc. lifted its stake in Shoe Carnival by 138.3% during the third quarter. Victory Capital Management Inc. now owns 59,239 shares of the company’s stock worth $2,598,000 after purchasing an additional 34,382 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Shoe Carnival by 69.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 46,540 shares of the company’s stock worth $2,041,000 after acquiring an additional 19,030 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Shoe Carnival by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company’s stock valued at $562,000 after acquiring an additional 1,562 shares during the period. Creative Planning acquired a new position in Shoe Carnival in the 2nd quarter valued at about $281,000. Finally, Millennium Management LLC increased its stake in Shoe Carnival by 726.1% during the second quarter. Millennium Management LLC now owns 101,831 shares of the company’s stock worth $3,757,000 after purchasing an additional 89,504 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Analyst Ratings Changes

SCVL has been the subject of several recent research reports. Williams Trading raised their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. StockNews.com cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Shoe Carnival Trading Up 0.2 %

SCVL opened at $33.61 on Thursday. The business has a fifty day moving average price of $38.44 and a 200 day moving average price of $38.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.89. Shoe Carnival, Inc. has a 12 month low of $22.75 and a 12 month high of $46.92. The stock has a market capitalization of $913.18 million, a price-to-earnings ratio of 12.36 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $332.70 million during the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.61%. Shoe Carnival’s payout ratio is 19.85%.

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.