Caxton Associates LLP Takes $751,000 Position 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 purchased a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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 quarter.

A number of other institutional investors have also added to or reduced their stakes in SCVL. Millennium Management LLC increased its position in shares of Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company's stock worth $7,076,000 after buying an additional 219,918 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Shoe Carnival in the first quarter valued at $1,386,000. Bridgeway Capital Management LLC increased its stake in shares of Shoe Carnival by 1.7% in the first quarter. Bridgeway Capital Management LLC now owns 244,651 shares of the company's stock worth $5,380,000 after buying an additional 4,108 shares during the period. AQR Capital Management LLC raised its position in shares of Shoe Carnival by 367.2% in the 1st quarter. AQR Capital Management LLC now owns 52,303 shares of the company's stock worth $1,150,000 after acquiring an additional 41,108 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Shoe Carnival by 418.6% during the first quarter. Cubist Systematic Strategies LLC now owns 238,480 shares of the company's stock valued at $5,244,000 after buying an additional 192,494 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Price Performance

Shares of SCVL stock traded down $0.55 during trading on Friday, reaching $23.22. The company had a trading volume of 561,203 shares, compared to its average volume of 492,677. The company has a market capitalization of $635.53 million, a PE ratio of 10.23 and a beta of 1.35. The firm's 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $20.44. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.09. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The business had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm'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. Analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on SCVL. Seaport Res Ptn lowered Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Wall Street Zen cut shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Finally, Zacks Research lowered Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".

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.