Shoe Carnival, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:SCVL)

Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Monday, January 12th will be given a dividend of 0.15 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, January 12th.

Shoe Carnival has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Shoe Carnival to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.5%.

Shoe Carnival Stock Up 1.9%

Shares of SCVL traded up $0.35 during trading on Friday, reaching $18.74. 589,487 shares of the company traded hands, compared to its average volume of 572,553. The stock has a market cap of $513.10 million, a PE ratio of 8.92 and a beta of 1.32. The stock has a 50-day simple moving average of $18.17 and a 200-day simple moving average of $20.03. Shoe Carnival has a twelve month low of $15.21 and a twelve month high of $36.94.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $297.16 million for the quarter, compared to the consensus estimate of $295.25 million. Shoe Carnival had a return on equity of 8.75% and a net margin of 5.06%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. On average, equities research analysts predict that Shoe Carnival will post 2.6 EPS for the current year.

Insider Activity

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,477 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $20.20, for a total value of $50,035.40. Following the completion of the transaction, the director directly owned 24,405 shares of the company’s stock, valued at approximately $492,981. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 35.50% of the stock is owned by corporate insiders.

Institutional Trading of Shoe Carnival

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP grew its stake in Shoe Carnival by 8.5% during the third quarter. Wasatch Advisors LP now owns 397,677 shares of the company’s stock worth $8,268,000 after buying an additional 31,024 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in Shoe Carnival during the 3rd quarter worth $282,000. Nokomis Capital L.L.C. boosted its position in Shoe Carnival by 13.0% during the 3rd quarter. Nokomis Capital L.L.C. now owns 374,103 shares of the company’s stock worth $7,778,000 after purchasing an additional 43,000 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Shoe Carnival in the 3rd quarter valued at $3,813,000. Finally, Citadel Advisors LLC raised its position in Shoe Carnival by 90.7% in the third quarter. Citadel Advisors LLC now owns 89,509 shares of the company’s stock valued at $1,861,000 after purchasing an additional 42,578 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

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.