Shoe Carnival, Inc. (SCVL) Holdings Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 4.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,104 shares of the company’s stock after selling 1,846 shares during the quarter. Russell Investments Group Ltd.’s holdings in Shoe Carnival were worth $1,501,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mackay Shields LLC raised its stake in Shoe Carnival by 5.9% during the second quarter. Mackay Shields LLC now owns 57,200 shares of the company’s stock worth $1,856,000 after acquiring an additional 3,200 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Shoe Carnival in the second quarter valued at $125,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Shoe Carnival in the second quarter valued at $141,000. Bank of Montreal Can increased its stake in shares of Shoe Carnival by 9,179.7% in the second quarter. Bank of Montreal Can now owns 5,939 shares of the company’s stock valued at $192,000 after buying an additional 5,875 shares in the last quarter. Finally, Texas Permanent School Fund acquired a new stake in shares of Shoe Carnival in the second quarter valued at $226,000. Hedge funds and other institutional investors own 81.61% of the company’s stock.

A number of brokerages have recently weighed in on SCVL. ValuEngine lowered Shoe Carnival from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub upgraded Shoe Carnival from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 16th. Pivotal Research raised their target price on Shoe Carnival from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 20th. Finally, Wedbush lowered their target price on Shoe Carnival from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, November 16th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $38.60.

In related news, Director Kent A. Kleeberger sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $36.77, for a total value of $55,155.00. Following the transaction, the director now owns 14,960 shares in the company, valued at $550,079.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 22.70% of the company’s stock.

Shares of NASDAQ:SCVL opened at $36.27 on Friday. Shoe Carnival, Inc. has a twelve month low of $21.01 and a twelve month high of $45.00. The firm has a market capitalization of $587.25 million, a PE ratio of 14.84 and a beta of 0.73.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, November 15th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.15. Shoe Carnival had a return on equity of 12.51% and a net margin of 3.17%. The company had revenue of $269.18 million during the quarter, compared to analyst estimates of $265.40 million. Sell-side analysts predict that Shoe Carnival, Inc. will post 2.38 EPS for the current year.

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Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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