Shoe Carnival, Inc. $SCVL Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 550,844 shares of the company’s stock after acquiring an additional 43,183 shares during the period. Northern Trust Corp’s holdings in Shoe Carnival were worth $12,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC grew its stake in Shoe Carnival by 76.7% during the 4th quarter. Hsbc Holdings PLC now owns 12,132 shares of the company’s stock worth $412,000 after buying an additional 5,267 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Shoe Carnival by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock valued at $225,000 after purchasing an additional 987 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Shoe Carnival by 66.6% during the fourth quarter. Voya Investment Management LLC now owns 10,296 shares of the company’s stock valued at $341,000 after purchasing an additional 4,116 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Shoe Carnival by 148.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 14,900 shares of the company’s stock valued at $493,000 after purchasing an additional 8,900 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Shoe Carnival by 241.2% during the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company’s stock valued at $6,742,000 after purchasing an additional 144,066 shares during the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SCVL has been the subject of several research analyst reports. Wall Street Zen downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Zacks Research downgraded Shoe Carnival from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 26th. Finally, Seaport Res Ptn downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL opened at $25.89 on Friday. The firm has a market cap of $707.83 million, a price-to-earnings ratio of 10.83 and a beta of 1.35. The business’s 50-day simple moving average is $21.11 and its 200-day simple moving average is $20.40. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%.The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. As a group, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Shoe Carnival’s dividend payout ratio (DPR) is 25.10%.

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.