Creative Planning Purchases New Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Creative Planning acquired a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,612 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Shoe Carnival by 34.7% in the 2nd quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock worth $15,138,000 after acquiring an additional 105,818 shares in the last quarter. Millennium Management LLC grew its stake in Shoe Carnival by 726.1% in the second quarter. Millennium Management LLC now owns 101,831 shares of the company’s stock worth $3,757,000 after purchasing an additional 89,504 shares during the period. Empowered Funds LLC raised its holdings in Shoe Carnival by 40.4% in the first quarter. Empowered Funds LLC now owns 114,073 shares of the company’s stock worth $4,180,000 after purchasing an additional 32,827 shares in the last quarter. Maverick Capital Ltd. lifted its position in Shoe Carnival by 98.9% during the second quarter. Maverick Capital Ltd. now owns 56,790 shares of the company’s stock valued at $2,095,000 after buying an additional 28,233 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Shoe Carnival by 16.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock valued at $6,997,000 after buying an additional 27,404 shares in the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Down 1.4 %

Shares of SCVL opened at $39.73 on Friday. The stock has a market cap of $1.08 billion, a P/E ratio of 14.15 and a beta of 1.53. The business’s 50 day moving average price is $41.54 and its 200-day moving average price is $38.33. Shoe Carnival, Inc. has a 52 week low of $21.18 and a 52 week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The business had revenue of $332.70 million during the quarter, compared to analysts’ expectations of $331.45 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is 19.15%.

Wall Street Analysts Forecast Growth

Separately, Williams Trading increased their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

Shoe Carnival Company Profile

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.