Andrea R. Guthrie Sells 702 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie sold 702 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $35.58, for a total transaction of $24,977.16. Following the completion of the sale, the director now owns 21,576 shares of the company’s stock, valued at approximately $767,674.08. This represents a 3.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shoe Carnival Stock Up 0.1 %

Shares of Shoe Carnival stock traded up $0.04 during trading hours on Wednesday, reaching $34.92. 274,984 shares of the company’s stock were exchanged, compared to its average volume of 250,637. The company has a 50 day moving average of $37.36 and a two-hundred day moving average of $38.66. Shoe Carnival, Inc. has a fifty-two week low of $24.74 and a fifty-two week high of $46.92. The company has a current ratio of 3.88, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. The stock has a market cap of $948.92 million, a P/E ratio of 12.69 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $306.90 million during the quarter, compared to the consensus estimate of $316.97 million. During the same period in the prior year, the business posted $0.80 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a yield of 1.55%. Shoe Carnival’s dividend payout ratio (DPR) is currently 19.85%.

Analysts Set New Price Targets

A number of research firms have issued reports on SCVL. Williams Trading increased their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. StockNews.com upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On Shoe Carnival

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in Shoe Carnival in the 3rd quarter valued at about $530,000. Barclays PLC lifted its position in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company’s stock worth $1,330,000 after acquiring an additional 19,868 shares during the last quarter. Geode Capital Management LLC lifted its position in Shoe Carnival by 2.4% during the third quarter. Geode Capital Management LLC now owns 452,548 shares of the company’s stock worth $19,848,000 after acquiring an additional 10,761 shares during the last quarter. XTX Topco Ltd acquired a new stake in Shoe Carnival during the third quarter worth approximately $296,000. Finally, State Street Corp lifted its position in Shoe Carnival by 2.2% during the third quarter. State Street Corp now owns 793,318 shares of the company’s stock worth $34,787,000 after acquiring an additional 17,086 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

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.