Northern Trust Corp Has $12.11 Million Position in Shoe Carnival, Inc. $SCVL

Key Points

• Northern Trust Corp increased its stake in Shoe Carnival by 8.5%, owning approximately 2.03% of the company, worth about $12.1 million as of its latest SEC filing.
• Shoe Carnival's earnings report showed a quarterly EPS of $0.70, exceeding the analyst estimates of $0.61, although its revenue declined by 7.9% compared to the previous year.
• Several analysts have downgraded Shoe Carnival's stock rating from "hold" to "sell," contributing to a current consensus rating of "Reduce."

Northern Trust Corp grew its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 550,844 shares of the company's stock after acquiring an additional 43,183 shares during the quarter. Northern Trust Corp owned 2.03% of Shoe Carnival worth $12,113,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. boosted its position 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 during the period. Versant Capital Management Inc bought a new stake in shares of Shoe Carnival in the first quarter valued at about $33,000. GAMMA Investing LLC raised its stake in 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 purchasing an additional 2,012 shares in the last quarter. CWM LLC raised its stake in 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 purchasing an additional 2,536 shares in the last quarter. Finally, US Bancorp DE raised its stake in 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 purchasing an additional 4,247 shares in the last quarter. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Trading Up 0.9%

NASDAQ SCVL traded up $0.22 during trading on Wednesday, hitting $23.84. 390,112 shares of the company's stock were exchanged, compared to its average volume of 483,009. The company has a market cap of $652.50 million, a PE ratio of 10.50 and a beta of 1.35. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The stock's 50 day moving average price is $21.45 and its two-hundred day moving average price is $20.44.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued 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. The firm had revenue of $306.39 million during the quarter, compared to the consensus estimate of $318.31 million. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. 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 fiscal year.

Shoe Carnival Announces Dividend

The company 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 of this dividend was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Shoe Carnival's dividend payout ratio is currently 26.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SCVL shares. Wall Street Zen downgraded Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Seaport Res Ptn downgraded Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, Zacks Research downgraded 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. Based on data from MarketBeat, the stock 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.