Harvest Fund Management Co. Ltd Buys Shares of 1,423 Shoe Carnival, Inc. (NASDAQ:SCVL)

Harvest Fund Management Co. Ltd purchased a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,423 shares of the company’s stock, valued at approximately $62,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. purchased a new position in Shoe Carnival during the third quarter valued at $37,440,000. Foundry Partners LLC raised its position in shares of Shoe Carnival by 0.6% in the 3rd quarter. Foundry Partners LLC now owns 149,735 shares of the company’s stock worth $6,566,000 after purchasing an additional 940 shares during the last quarter. Quest Partners LLC bought a new position in Shoe Carnival in the 3rd quarter worth about $606,000. Empowered Funds LLC boosted its stake in Shoe Carnival by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 129,459 shares of the company’s stock worth $5,677,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Shoe Carnival by 138.3% during the 3rd quarter. Victory Capital Management Inc. now owns 59,239 shares of the company’s stock valued at $2,598,000 after purchasing an additional 34,382 shares during the last quarter. 66.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Williams Trading upped their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. StockNews.com lowered shares of Shoe Carnival from a “hold” rating to a “sell” rating in a report on Friday, November 22nd.

Shoe Carnival Trading Up 0.2 %

Shoe Carnival stock opened at $33.61 on Thursday. Shoe Carnival, Inc. has a one year low of $22.75 and a one year high of $46.92. The business’s fifty day moving average is $38.44 and its 200 day moving average is $38.69. The stock has a market capitalization of $913.18 million, a PE ratio of 12.33 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.89.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. During the same quarter last year, the firm posted $0.71 EPS. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, sell-side analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.61%. Shoe Carnival’s dividend payout ratio is presently 19.85%.

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.