Public Employees Retirement System of Ohio Has $4.01 Million Stake in Shoe Carnival, Inc. $SCVL

Key Points

• Public Employees Retirement System of Ohio increased its stake in Shoe Carnival, Inc. by 28.0% in Q2, owning approximately $4.01 million worth of shares.
• Shoe Carnival's stock is currently valued at $20.79, with a recent earnings report showing earnings per share of $0.70, surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.15 per share, translating to an annualized dividend yield of 2.9%, payable on October 20th.

Public Employees Retirement System of Ohio increased its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 28.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 214,283 shares of the company's stock after purchasing an additional 46,884 shares during the period. Public Employees Retirement System of Ohio owned about 0.78% of Shoe Carnival worth $4,009,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of 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 during the period. Voya Investment Management LLC boosted its stake in shares of Shoe Carnival by 99.6% during the 1st quarter. Voya Investment Management LLC now owns 20,547 shares of the company's stock valued at $452,000 after buying an additional 10,251 shares during the period. SG Americas Securities LLC boosted its stake in shares of 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 during the period. Exchange Traded Concepts LLC boosted its stake in shares of Shoe Carnival by 31.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 63,123 shares of the company's stock valued at $1,181,000 after buying an additional 15,241 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Shoe Carnival by 8.5% during the 1st quarter. Northern Trust Corp now owns 550,844 shares of the company's stock valued at $12,113,000 after buying an additional 43,183 shares during the period. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Stock Down 1.3%

NASDAQ:SCVL opened at $20.79 on Wednesday. The firm has a market cap of $569.08 million, a PE ratio of 9.16 and a beta of 1.35. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $43.62. The company's 50-day moving average price is $21.83 and its two-hundred day moving average price is $20.45.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The company had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. During the same period in the prior year, the business earned $0.83 earnings per share. Shoe Carnival's quarterly revenue was down 7.9% on a year-over-year basis. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. On average, research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, October 6th. Shoe Carnival's payout ratio is 26.43%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SCVL shares. Wall Street Zen raised shares of Shoe Carnival from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. Seaport Res Ptn lowered shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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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