Jacobs Levy Equity Management Inc. Takes $1.39 Million Position in Shoe Carnival, Inc. $SCVL

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,030 shares of the company’s stock, valued at approximately $1,386,000. Jacobs Levy Equity Management Inc. owned about 0.23% of Shoe Carnival at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCVL. New South Capital Management Inc. raised its stake in shares of Shoe Carnival by 189.9% during the first quarter. New South Capital Management Inc. now owns 699,824 shares of the company’s stock valued at $15,389,000 after acquiring an additional 458,412 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Shoe Carnival during the first quarter valued at about $4,936,000. Copeland Capital Management LLC raised its stake in shares of Shoe Carnival by 16.2% during the first quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company’s stock valued at $30,771,000 after acquiring an additional 194,887 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Shoe Carnival by 418.6% during the first quarter. Cubist Systematic Strategies LLC now owns 238,480 shares of the company’s stock valued at $5,244,000 after acquiring an additional 192,494 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Shoe Carnival during the fourth quarter valued at about $2,513,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL opened at $23.77 on Friday. The stock has a market cap of $650.58 million, a PE ratio of 10.47 and a beta of 1.35. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The firm’s 50-day simple moving average is $21.49 and its two-hundred day simple moving average is $20.44.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $306.39 million for the quarter, compared to analysts’ expectations of $318.31 million. Shoe Carnival had a net margin of 5.41% and a return on equity of 9.65%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. Equities research analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. Shoe Carnival’s dividend payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

SCVL has been the topic of several research analyst reports. Zacks Research cut shares of Shoe Carnival from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th. Wall Street Zen cut shares of Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, Seaport Res Ptn cut shares of Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.