EMC Capital Management Decreases Stake in Shoe Carnival, Inc. $SCVL

EMC Capital Management lessened its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 58.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,080 shares of the company’s stock after selling 4,388 shares during the period. EMC Capital Management’s holdings in Shoe Carnival were worth $58,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCVL. Copeland Capital Management LLC boosted its position in shares of Shoe Carnival by 22.8% during the 2nd quarter. Copeland Capital Management LLC now owns 1,718,101 shares of the company’s stock worth $32,146,000 after purchasing an additional 318,771 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Shoe Carnival by 4.2% in the first quarter. American Century Companies Inc. now owns 570,598 shares of the company’s stock valued at $12,547,000 after purchasing an additional 23,232 shares during the period. Northern Trust Corp boosted its holdings in Shoe Carnival by 8.5% during the first quarter. Northern Trust Corp now owns 550,844 shares of the company’s stock worth $12,113,000 after buying an additional 43,183 shares in the last quarter. Geode Capital Management LLC grew its position in Shoe Carnival by 1.3% during the second quarter. Geode Capital Management LLC now owns 447,456 shares of the company’s stock worth $8,373,000 after buying an additional 5,807 shares during the period. Finally, Hodges Capital Management Inc. grew its position in Shoe Carnival by 14.0% during the second quarter. Hodges Capital Management Inc. now owns 438,420 shares of the company’s stock worth $8,203,000 after buying an additional 53,680 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $15.70 on Friday. The firm has a market capitalization of $429.76 million, a price-to-earnings ratio of 6.92 and a beta of 1.35. Shoe Carnival, Inc. has a one year low of $15.21 and a one year high of $36.94. The company has a 50 day moving average price of $19.71 and a 200 day moving average price of $20.22.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $297.16 million during the quarter, compared to analysts’ expectations of $295.25 million. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. As a group, equities analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, October 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, October 6th. Shoe Carnival’s payout ratio is 26.43%.

Insider Buying and Selling

In other news, Director Andrea R. Guthrie sold 2,477 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total value of $50,035.40. Following the transaction, the director directly owned 24,405 shares in the company, valued at $492,981. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 35.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research raised Shoe Carnival from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 27th. Seaport Res Ptn cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Shoe Carnival in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.