Caxton Associates LLP Purchases New Stake in Shoe Carnival, Inc. $SCVL

Key Points

• Caxton Associates LLP has made a new investment in Shoe Carnival, Inc., purchasing 34,174 shares valued at approximately $751,000.
• Shoe Carnival reported earnings of $0.70 EPS for the most recent quarter, exceeding expectations, although quarterly revenue fell 7.9% compared to the same time last year.
• The stock has a market cap of $652.50 million and has experienced a 52-week low and high of $16.14 and $46.92, respectively.

Caxton Associates LLP acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 34,174 shares of the company's stock, valued at approximately $751,000. Caxton Associates LLP owned about 0.13% of Shoe Carnival at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. grew its stake in shares of Shoe Carnival by 145,700.0% in the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock valued at $32,000 after acquiring an additional 1,457 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Shoe Carnival in the first quarter valued at about $33,000. GAMMA Investing LLC grew its stake in shares of Shoe Carnival by 404.0% in the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after acquiring an additional 2,012 shares in the last quarter. CWM LLC grew its stake in shares of Shoe Carnival by 188.3% in the first quarter. CWM LLC now owns 3,883 shares of the company's stock valued at $85,000 after acquiring an additional 2,536 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Shoe Carnival by 1,025.8% in the first quarter. US Bancorp DE now owns 4,661 shares of the company's stock valued at $103,000 after acquiring an additional 4,247 shares in the last quarter. 66.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCVL. Wall Street Zen downgraded shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Seaport Res Ptn downgraded shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, Zacks Research downgraded shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".

Shoe Carnival Stock Performance

Shares of SCVL traded down $0.29 during mid-day trading on Tuesday, reaching $23.28. The company had a trading volume of 56,976 shares, compared to its average volume of 490,485. The company's 50 day simple moving average is $21.59 and its 200 day simple moving average is $20.44. Shoe Carnival, Inc. has a 1-year low of $16.14 and a 1-year high of $46.92. The company has a market capitalization of $637.04 million, a price-to-earnings ratio of 10.25 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted 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 the consensus estimate of $318.31 million. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The firm's quarterly revenue was down 7.9% compared to the same quarter last year. 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, equities analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were paid a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. Shoe Carnival's payout ratio is currently 26.43%.

Shoe Carnival 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.