Shoe Carnival, Inc. $SCVL Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Shoe Carnival, Inc. by 1.0% in the first quarter, retaining approximately 5.09% ownership worth $30.4 million.
• Shoe Carnival reported a quarterly EPS of $0.34, beating estimates, but experienced a 7.6% decline in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.15, resulting in an annualized yield of 2.7% and a payout ratio of 25.10%.

Vanguard Group Inc. trimmed its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,383,487 shares of the company's stock after selling 13,622 shares during the quarter. Vanguard Group Inc. owned approximately 5.09% of Shoe Carnival worth $30,423,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. NBC Securities Inc. boosted its holdings in shares of Shoe Carnival by 145,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after purchasing an additional 1,457 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Shoe Carnival during the first quarter worth about $33,000. GAMMA Investing LLC increased its position in shares of Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after acquiring an additional 2,012 shares during the period. CWM LLC grew its position in shares of Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company's stock worth $85,000 after buying 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% during the first quarter. US Bancorp DE now owns 4,661 shares of the company's stock worth $103,000 after purchasing an additional 4,247 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Trading Up 3.2%

Shoe Carnival stock opened at $21.99 on Thursday. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The stock has a 50-day moving average price of $20.76 and a 200 day moving average price of $20.52. The stock has a market cap of $601.21 million, a PE ratio of 9.20 and a beta of 1.46.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The firm had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. Shoe Carnival's revenue for the quarter was down 7.6% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. On average, equities analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced 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 2.7%. Shoe Carnival's dividend payout ratio (DPR) is currently 25.10%.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn cut shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Shoe Carnival currently has an average rating of "Moderate Buy" and a consensus price target of $51.00.

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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