Shoe Carnival, Inc. (NASDAQ:SCVL) has received an average rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.67.
Several research firms recently issued reports on SCVL. Wedbush reissued an “outperform” rating on shares of Shoe Carnival in a research report on Thursday, August 29th. Pivotal Research set a $31.00 price target on Shoe Carnival and gave the company a “buy” rating in a research report on Friday, August 23rd. ValuEngine raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Saturday, August 31st. Finally, BidaskClub raised Shoe Carnival from a “hold” rating to a “buy” rating in a research report on Saturday, September 21st.
Shares of Shoe Carnival stock traded up $0.37 on Thursday, hitting $32.78. 215,500 shares of the company’s stock traded hands, compared to its average volume of 406,623. The stock has a market cap of $475.95 million, a P/E ratio of 13.38 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average is $29.00 and its 200 day moving average is $29.71. Shoe Carnival has a 52-week low of $21.47 and a 52-week high of $43.75.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, October 4th. Shoe Carnival’s dividend payout ratio is currently 13.88%.
In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,090 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $28.68, for a total value of $31,261.20. Following the sale, the director now directly owns 15,054 shares of the company’s stock, valued at $431,748.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles B. Tomm sold 8,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $29.49, for a total value of $235,920.00. Following the transaction, the director now directly owns 13,039 shares in the company, valued at $384,520.11. The disclosure for this sale can be found here. Corporate insiders own 23.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SCVL. Balyasny Asset Management LLC acquired a new position in shares of Shoe Carnival during the second quarter valued at $8,155,000. Nuveen Asset Management LLC acquired a new position in shares of Shoe Carnival during the second quarter valued at $4,640,000. Russell Investments Group Ltd. increased its holdings in shares of Shoe Carnival by 463.7% during the second quarter. Russell Investments Group Ltd. now owns 174,348 shares of the company’s stock valued at $4,808,000 after purchasing an additional 143,420 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Shoe Carnival during the second quarter valued at $3,856,000. Finally, Vanguard Group Inc. increased its holdings in shares of Shoe Carnival by 15.6% during the second quarter. Vanguard Group Inc. now owns 889,584 shares of the company’s stock valued at $24,553,000 after purchasing an additional 120,168 shares during the period. 94.44% of the stock is currently owned by institutional investors.
About Shoe Carnival
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, scarves, and wallets.
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