Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,969 shares of the company’s stock after selling 525 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Shoe Carnival were worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SCVL. NBC Securities Inc. acquired a new position in Shoe Carnival in the third quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Shoe Carnival by 98.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,072 shares of the company’s stock worth $122,000 after buying an additional 2,512 shares during the last quarter. MTM Investment Management LLC acquired a new position in Shoe Carnival in the fourth quarter worth approximately $231,000. Personal CFO Solutions LLC purchased a new position in Shoe Carnival during the 3rd quarter worth approximately $236,000. Finally, Teza Capital Management LLC purchased a new position in Shoe Carnival during the 3rd quarter worth approximately $249,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Stock Down 0.3 %

Shares of NASDAQ:SCVL opened at $33.35 on Thursday. The firm has a fifty day moving average of $33.40 and a two-hundred day moving average of $28.71. The firm has a market capitalization of $903.79 million, a P/E ratio of 12.44 and a beta of 1.57. Shoe Carnival, Inc. has a 12-month low of $19.24 and a 12-month high of $37.08.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 21st. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $280.20 million during the quarter, compared to analyst estimates of $280.30 million. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Equities research analysts expect that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, April 5th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s dividend payout ratio (DPR) is 20.15%.

Insider Buying and Selling at Shoe Carnival

In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares of the company’s stock, valued at approximately $4,185,829.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares of the company’s stock, valued at approximately $4,185,829.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the completion of the sale, the director now directly owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The disclosure for this sale can be found here. Company insiders own 34.50% of the company’s stock.

Analysts Set New Price Targets

SCVL has been the topic of several research analyst reports. Monness Crespi & Hardt cut shares of 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 objective on the stock in a research report on Friday, March 22nd.

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.