Koss Olinger Consulting LLC Reduces Position in Shoe Carnival, Inc. $SCVL

Koss Olinger Consulting LLC decreased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,711 shares of the company’s stock after selling 940 shares during the period. Koss Olinger Consulting LLC owned 0.08% of Shoe Carnival worth $387,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SCVL. GAMMA Investing LLC increased its position in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock worth $55,000 after buying an additional 2,012 shares in the last quarter. Bessemer Group Inc. increased its position in Shoe Carnival by 20.5% during the first quarter. Bessemer Group Inc. now owns 12,325 shares of the company’s stock worth $271,000 after buying an additional 2,098 shares in the last quarter. New South Capital Management Inc. increased its position in Shoe Carnival by 189.9% during the first quarter. New South Capital Management Inc. now owns 699,824 shares of the company’s stock worth $15,389,000 after buying an additional 458,412 shares in the last quarter. Sebold Capital Management Inc. increased its position in Shoe Carnival by 11.2% during the first quarter. Sebold Capital Management Inc. now owns 21,576 shares of the company’s stock worth $474,000 after buying an additional 2,172 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Shoe Carnival by 2.6% during the first quarter. Principal Financial Group Inc. now owns 97,677 shares of the company’s stock worth $2,148,000 after buying an additional 2,496 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Down 1.3%

SCVL stock opened at $19.02 on Tuesday. The stock has a market capitalization of $520.63 million, a price-to-earnings ratio of 8.38 and a beta of 1.37. The stock’s fifty day simple moving average is $21.50 and its 200-day simple moving average is $20.29. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $39.29.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The business had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. As a group, analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, October 6th. Shoe Carnival’s dividend payout ratio (DPR) is 26.43%.

Analysts Set New Price Targets

SCVL has been the topic of several analyst reports. Zacks Research cut Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Seaport Res Ptn cut Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Shoe Carnival in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Shoe Carnival has an average rating of “Reduce”.

Insider Buying and Selling at Shoe Carnival

In related news, Director Andrea R. Guthrie sold 2,477 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $492,981. This trade represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 35.50% of the company’s stock.

Shoe Carnival Company 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.