Nuveen LLC Invests $1.03 Million in Shoe Carnival, Inc. $SCVL

Nuveen LLC purchased a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 46,641 shares of the company's stock, valued at approximately $1,026,000. Nuveen LLC owned about 0.17% of Shoe Carnival at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after buying an additional 2,012 shares during the period. Barclays PLC boosted its holdings in Shoe Carnival by 13.8% in the fourth quarter. Barclays PLC now owns 34,533 shares of the company's stock valued at $1,143,000 after acquiring an additional 4,191 shares in the last quarter. SG Americas Securities LLC increased its position in Shoe Carnival by 309.3% during the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock valued at $484,000 after purchasing an additional 16,645 shares during the period. Raymond James Financial Inc. bought a new position in Shoe Carnival in the 4th quarter worth $1,075,000. Finally, Northern Trust Corp raised its holdings in Shoe Carnival by 4.7% in the 4th quarter. Northern Trust Corp now owns 507,661 shares of the company's stock worth $16,793,000 after purchasing an additional 22,859 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

Shares of Shoe Carnival stock traded up $4.36 during midday trading on Thursday, hitting $25.89. The company had a trading volume of 1,669,373 shares, compared to its average volume of 488,722. The stock has a market capitalization of $707.83 million, a P/E ratio of 10.83 and a beta of 1.35. The company has a 50 day moving average of $20.97 and a 200 day moving average of $20.39. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%.The business had revenue of $306.39 million for the quarter, compared to the consensus estimate of $318.31 million. During the same period in the previous year, the company posted $0.83 earnings per share. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, July 7th. Shoe Carnival's dividend payout ratio is 25.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Wall Street Zen cut Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, Seaport Res Ptn cut Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce".

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.