Shoe Carnival (NASDAQ:SCVL) Director Andrea Guthrie Sells 2,477 Shares

Key Points

• Director Andrea Guthrie of Shoe Carnival sold 2,477 shares at an average price of $20.20, reducing her stake by 9.21% to 24,405 shares valued at approximately $492,981.
• The company reported $0.70 EPS for the last quarter, exceeding analyst expectations, but its revenue of $306.39 million fell short of the forecast of $318.31 million, marking a 7.9% decline year-over-year.
• Shoe Carnival announced a dividend of $0.15 per share, which will be paid on October 20th, resulting in an annualized yield of 3.0%.

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) Director Andrea Guthrie sold 2,477 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $20.20, for a total value of $50,035.40. Following the completion of the sale, the director owned 24,405 shares of the company's stock, valued at approximately $492,981. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shoe Carnival Trading Down 0.3%

NASDAQ SCVL traded down $0.07 on Thursday, hitting $20.23. The company's stock had a trading volume of 418,572 shares, compared to its average volume of 482,383. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $40.62. The company's 50-day simple moving average is $21.65 and its 200 day simple moving average is $20.34. The firm has a market cap of $553.76 million, a P/E ratio of 8.91 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.70 EPS for the quarter, topping 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 EPS. The company's revenue for the quarter 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 forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders 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 yield of 3.0%. The ex-dividend date is Monday, October 6th. Shoe Carnival's dividend payout ratio (DPR) is currently 26.43%.

Institutional Trading of Shoe Carnival

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Shoe Carnival by 404.0% in the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after purchasing an additional 2,012 shares during the period. SG Americas Securities LLC boosted its position in shares of Shoe Carnival by 309.3% during the first quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock worth $484,000 after acquiring an additional 16,645 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Shoe Carnival during the first quarter valued at $1,053,000. Bessemer Group Inc. increased its holdings in Shoe Carnival by 20.5% in the 1st quarter. Bessemer Group Inc. now owns 12,325 shares of the company's stock valued at $271,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in Shoe Carnival by 16.2% in the 1st quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company's stock worth $30,771,000 after purchasing an additional 194,887 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company's stock.

Analyst Upgrades and Downgrades

SCVL has been the subject of a number of analyst reports. 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. Weiss Ratings restated a "hold (c)" rating on shares of Shoe Carnival in a research note on Wednesday, October 8th. Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Shoe Carnival from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Shoe Carnival has an average rating of "Reduce".

About Shoe Carnival

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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