Shoe Carnival, Inc. $SCVL Stock Position Decreased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Shoe Carnival, Inc. by 40%, owning 240,857 shares after selling 160,243 shares during the first quarter.
• Shoe Carnival's recent earnings report showed an EPS of $0.70, exceeding estimates, but revenue decreased by 7.9% year-over-year, totaling $306.39 million.
• The firm announced a quarterly dividend of $0.15 per share, contributing to an annualized yield of 2.5% with a payout ratio of 26.43%.

Goldman Sachs Group Inc. lessened its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 40.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,857 shares of the company's stock after selling 160,243 shares during the period. Goldman Sachs Group Inc. owned 0.88% of Shoe Carnival worth $5,296,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. North Star Investment Management Corp. grew its position in Shoe Carnival by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 55,892 shares of the company's stock worth $1,229,000 after purchasing an additional 750 shares during the last quarter. Comerica Bank lifted its stake in shares of Shoe Carnival by 6.7% in the 1st quarter. Comerica Bank now owns 14,835 shares of the company's stock worth $326,000 after acquiring an additional 935 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Shoe Carnival by 9.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,447 shares of the company's stock worth $445,000 after acquiring an additional 1,123 shares during the period. NBC Securities Inc. lifted its stake in shares of Shoe Carnival by 145,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after acquiring an additional 1,457 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Shoe Carnival in the 1st quarter worth approximately $33,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Price Performance

SCVL stock opened at $23.56 on Tuesday. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The firm has a market cap of $644.84 million, a PE ratio of 10.38 and a beta of 1.35. The firm has a 50 day simple moving average of $21.59 and a 200 day simple moving average of $20.44.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.61 by $0.09. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business had revenue of $306.39 million during 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. The business'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. As a group, sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.60 annualized dividend and a yield of 2.5%. Shoe Carnival's dividend payout ratio is currently 26.43%.

Analysts Set New Price Targets

SCVL has been the subject of a number of research analyst reports. Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 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, Wall Street Zen lowered shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock 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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