Hodges Capital Management Inc. Sells 196,768 Shares of Shoe Carnival, Inc. $SCVL

Key Points

• Hodges Capital Management Inc. has reduced its stake in Shoe Carnival, Inc. by 33.8%, selling 196,768 shares during the first quarter, now holding 384,740 shares.
• Shoe Carnival's latest earnings report showed an EPS of $0.70, beating analyst expectations, but revenue fell 7.9% year-over-year to $306.39 million.
• The company recently announced a quarterly dividend of $0.15 per share, providing a 2.5% yield with a payout ratio of 26.43%.

Hodges Capital Management Inc. lessened its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 33.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 384,740 shares of the company's stock after selling 196,768 shares during the quarter. Hodges Capital Management Inc. owned 1.41% of Shoe Carnival worth $8,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Shoe Carnival by 404.0% during the 1st 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 in the last quarter. SG Americas Securities LLC lifted its holdings 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 buying an additional 16,645 shares in the last quarter. Northern Trust Corp lifted its holdings in Shoe Carnival by 4.7% during the 4th quarter. Northern Trust Corp now owns 507,661 shares of the company's stock valued at $16,793,000 after buying an additional 22,859 shares in the last quarter. NBC Securities Inc. lifted its holdings in Shoe Carnival by 145,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock valued at $32,000 after buying an additional 1,457 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Shoe Carnival by 74.6% during the 1st quarter. Victory Capital Management Inc. now owns 59,947 shares of the company's stock valued at $1,318,000 after buying an additional 25,617 shares in the last quarter. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $23.77 on Friday. The company has a market capitalization of $650.58 million, a price-to-earnings ratio of 10.47 and a beta of 1.35. The company's 50-day simple moving average is $21.49 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 posted its earnings results on Thursday, September 4th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.09. The business 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 company's revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were given a dividend of $0.15 per share. 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 2.5%. Shoe Carnival's dividend payout ratio (DPR) is 26.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SCVL. Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Seaport Res Ptn lowered shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of Shoe Carnival from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Shoe Carnival 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.

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