Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 27.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,066 shares of the company’s stock after selling 5,214 shares during the period. AQR Capital Management LLC’s holdings in Shoe Carnival were worth $519,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCVL. Sebold Capital Management Inc. lifted its position in Shoe Carnival by 19.3% during the first quarter. Sebold Capital Management Inc. now owns 22,573 shares of the company’s stock worth $827,000 after buying an additional 3,653 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Shoe Carnival by 16.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after buying an additional 27,404 shares during the period. Denali Advisors LLC lifted its position in Shoe Carnival by 48.5% during the first quarter. Denali Advisors LLC now owns 55,100 shares of the company’s stock worth $2,019,000 after buying an additional 18,000 shares during the period. Maryland State Retirement & Pension System purchased a new position in Shoe Carnival during the first quarter worth about $240,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Shoe Carnival during the first quarter worth about $383,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $38.75 on Tuesday. The stock’s 50-day moving average is $41.47 and its 200-day moving average is $38.28. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.74 and a beta of 1.53. Shoe Carnival, Inc. has a 12 month low of $21.18 and a 12 month high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Research analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be paid a $0.135 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.39%. Shoe Carnival’s dividend payout ratio (DPR) is currently 19.15%.

Wall Street Analysts Forecast Growth

Separately, Williams Trading increased their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research report 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.