Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie Sells 2,467 Shares

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) Director Andrea R. Guthrie sold 2,467 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the sale, the director now owns 20,106 shares in the company, valued at approximately $652,640.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shoe Carnival Trading Down 0.6 %

SCVL stock traded down $0.19 on Thursday, hitting $32.46. The company had a trading volume of 111,300 shares, compared to its average volume of 188,468. Shoe Carnival, Inc. has a 12-month low of $19.24 and a 12-month high of $37.08. The stock's 50-day simple moving average is $32.55 and its 200 day simple moving average is $28.06. The stock has a market cap of $879.67 million, a price-to-earnings ratio of 12.16 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The business had revenue of $280.20 million for the quarter, compared to analysts' expectations of $280.30 million. During the same quarter last year, the company posted $0.79 EPS. The company's revenue was down 3.6% compared to the same quarter last year. Research analysts forecast that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, April 5th. This is an increase from Shoe Carnival's previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.66%. Shoe Carnival's payout ratio is 20.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Monness Crespi & Hardt cut shares of Shoe Carnival from a "buy" rating to a "neutral" rating in a report on Tuesday, March 19th. Williams Trading upgraded shares of Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Friday, March 22nd.

Hedge Funds Weigh In On Shoe Carnival

A number of hedge funds have recently added to or reduced their stakes in SCVL. JPMorgan Chase & Co. increased its stake in Shoe Carnival by 16.1% during the 1st quarter. JPMorgan Chase & Co. now owns 100,133 shares of the company's stock valued at $2,920,000 after purchasing an additional 13,912 shares in the last quarter. Bank of New York Mellon Corp grew its position in Shoe Carnival by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 220,583 shares of the company's stock valued at $6,433,000 after buying an additional 3,066 shares during the period. MetLife Investment Management LLC lifted its holdings in Shoe Carnival by 69.4% during the first quarter. MetLife Investment Management LLC now owns 10,388 shares of the company's stock valued at $303,000 after purchasing an additional 4,256 shares in the last quarter. Rhumbline Advisers lifted its holdings in Shoe Carnival by 4.6% during the first quarter. Rhumbline Advisers now owns 44,618 shares of the company's stock valued at $1,301,000 after purchasing an additional 1,964 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Shoe Carnival by 13.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,054 shares of the company's stock valued at $439,000 after purchasing an additional 1,822 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors.

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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