Trexquant Investment LP Grows Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

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Trexquant Investment LP lifted its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 47.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,131 shares of the company’s stock after purchasing an additional 6,460 shares during the period. Trexquant Investment LP owned about 0.14% of Shoe Carnival worth $676,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its holdings in Shoe Carnival by 1.4% in the second quarter. Macquarie Group Ltd. now owns 32,346 shares of the company’s stock valued at $947,000 after purchasing an additional 446 shares during the period. Alpha Windward LLC boosted its holdings in Shoe Carnival by 3.1% in the third quarter. Alpha Windward LLC now owns 16,140 shares of the company’s stock valued at $542,000 after purchasing an additional 480 shares during the period. California Public Employees Retirement System lifted its holdings in Shoe Carnival by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 21,222 shares of the company’s stock worth $621,000 after buying an additional 692 shares during the last quarter. Cutler Group LP lifted its holdings in Shoe Carnival by 333.3% during the 2nd quarter. Cutler Group LP now owns 1,300 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in Shoe Carnival during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

A number of brokerages have issued reports on SCVL. Zacks Investment Research downgraded Shoe Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, July 29th. ValuEngine raised Shoe Carnival from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. BidaskClub downgraded Shoe Carnival from a “strong-buy” rating to a “buy” rating in a report on Friday, September 25th. Sidoti downgraded Shoe Carnival from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Wednesday, September 2nd. Finally, TheStreet raised Shoe Carnival from a “c” rating to a “b-” rating in a report on Tuesday, September 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.00.

In related news, Director Kent A. Kleeberger sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $37.59, for a total value of $41,349.00. Following the transaction, the director now owns 14,743 shares in the company, valued at approximately $554,189.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Clifton E. Sifford sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $39.33, for a total value of $1,179,900.00. Following the completion of the transaction, the chief executive officer now owns 199,370 shares in the company, valued at approximately $7,841,222.10. The disclosure for this sale can be found here. Insiders sold a total of 62,487 shares of company stock valued at $2,393,768 over the last three months. Company insiders own 27.50% of the company’s stock.

Shoe Carnival stock opened at $35.77 on Thursday. Shoe Carnival, Inc. has a fifty-two week low of $12.56 and a fifty-two week high of $40.15. The company has a market capitalization of $504.39 million, a P/E ratio of 49.00 and a beta of 1.28. The stock has a 50-day simple moving average of $34.03 and a 200-day simple moving average of $29.73.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Saturday, November 21st. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.39. Shoe Carnival had a return on equity of 3.80% and a net margin of 1.15%. Sell-side analysts forecast that Shoe Carnival, Inc. will post 0.62 earnings per share for the current year.

Shoe Carnival Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, and wallets.

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Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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