Shoe Carnival (NASDAQ:SCVL) Sets New 52-Week High at $41.08

Shoe Carnival, Inc. (NASDAQ:SCVL) hit a new 52-week high on Wednesday . The stock traded as high as $41.08 and last traded at $41.04, with a volume of 7826 shares. The stock had previously closed at $40.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCVL shares. Monness Crespi & Hardt downgraded Shoe Carnival from a “buy” rating to a “neutral” rating in a research 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 price target for the company in a report on Friday, March 22nd.

Shoe Carnival Stock Down 0.7 %

The company has a market cap of $1.10 billion, a PE ratio of 15.00 and a beta of 1.49. The firm has a fifty day simple moving average of $36.76 and a 200-day simple moving average of $33.03.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. The company had revenue of $300.37 million during the quarter, compared to analysts’ expectations of $292.38 million. Equities research analysts forecast that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, July 8th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.33%. Shoe Carnival’s dividend payout ratio (DPR) is 19.93%.

Institutional Investors Weigh In On Shoe Carnival

Several institutional investors have recently made changes to their positions in the stock. EMC Capital Management lifted its stake in shares of Shoe Carnival by 11.9% in the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after purchasing an additional 793 shares during the period. Janus Henderson Group PLC increased its position in Shoe Carnival by 103.4% during the 1st quarter. Janus Henderson Group PLC now owns 16,611 shares of the company’s stock worth $608,000 after purchasing an additional 8,445 shares in the last quarter. BOKF NA acquired a new position in Shoe Carnival in the 1st quarter valued at about $308,000. CANADA LIFE ASSURANCE Co lifted its holdings in Shoe Carnival by 11.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company’s stock valued at $562,000 after purchasing an additional 1,562 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Shoe Carnival by 4.2% during the 1st quarter. Foundry Partners LLC now owns 150,695 shares of the company’s stock worth $5,521,000 after purchasing an additional 6,110 shares during the last quarter. 66.05% of the stock is currently owned by hedge funds and other 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.