GSA Capital Partners LLP Sells 12,822 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

GSA Capital Partners LLP lessened its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 37.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,043 shares of the company’s stock after selling 12,822 shares during the period. GSA Capital Partners LLP owned 0.08% of Shoe Carnival worth $923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Shoe Carnival during the second quarter worth about $41,000. Everence Capital Management Inc. bought a new stake in shares of Shoe Carnival in the 3rd quarter worth approximately $224,000. Summit Global Investments purchased a new stake in shares of Shoe Carnival in the 2nd quarter worth approximately $244,000. EMC Capital Management increased its position in Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after buying an additional 793 shares in the last quarter. Finally, Creative Planning purchased a new position in Shoe Carnival during the second quarter valued at $281,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of Shoe Carnival stock opened at $35.38 on Friday. The company has a 50-day simple moving average of $39.40 and a two-hundred day simple moving average of $38.66. The stock has a market capitalization of $961.27 million, a PE ratio of 12.55 and a beta of 1.56. Shoe Carnival, Inc. has a 52-week low of $21.50 and a 52-week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts forecast that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is 19.15%.

Analyst Upgrades and Downgrades

Separately, Williams Trading increased their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

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.