Shoe Carnival (NASDAQ:SCVL) Director Sells $50,035.40 in Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea Guthrie sold 2,477 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total transaction of $50,035.40. Following the sale, the director owned 24,405 shares in the company, valued at approximately $492,981. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL opened at $19.78 on Friday. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $40.62. The firm’s 50 day moving average price is $21.64 and its 200 day moving average price is $20.29. The firm has a market cap of $541.44 million, a P/E ratio of 8.71 and a beta of 1.37.

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

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, October 6th. Shoe Carnival’s dividend payout ratio is presently 26.43%.

Hedge Funds Weigh In On Shoe Carnival

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in shares of Shoe Carnival by 33.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,923 shares of the company’s stock valued at $36,000 after acquiring an additional 486 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Shoe Carnival by 8.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,567 shares of the company’s stock worth $196,000 after buying an additional 779 shares during the period. Comerica Bank increased its stake in Shoe Carnival by 6.7% during the 1st quarter. Comerica Bank now owns 14,835 shares of the company’s stock worth $326,000 after buying an additional 935 shares during the period. Prudential Financial Inc. increased its stake in Shoe Carnival by 6.1% during the 2nd quarter. Prudential Financial Inc. now owns 18,768 shares of the company’s stock worth $351,000 after buying an additional 1,072 shares during the period. Finally, Sonora Investment Management Group LLC increased its stake in Shoe Carnival by 1.2% during the 3rd quarter. Sonora Investment Management Group LLC now owns 91,461 shares of the company’s stock worth $1,901,000 after buying an additional 1,092 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 a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Shoe Carnival in a report on Wednesday, October 8th. Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Seaport Res Ptn downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.