Victory Capital Management Inc. Buys 34,382 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Victory Capital Management Inc. increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 138.3% during the third quarter, Holdings Channel.com reports. The firm owned 59,239 shares of the company’s stock after purchasing an additional 34,382 shares during the quarter. Victory Capital Management Inc.’s holdings in Shoe Carnival were worth $2,598,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SCVL. State Board of Administration of Florida Retirement System bought a new stake in Shoe Carnival during the first quarter valued at about $335,000. CANADA LIFE ASSURANCE Co raised its holdings in Shoe Carnival by 11.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company’s stock valued at $562,000 after acquiring an additional 1,562 shares during the period. BOKF NA bought a new stake in Shoe Carnival during the first quarter valued at about $308,000. Janus Henderson Group PLC raised its holdings in Shoe Carnival by 103.4% during the first quarter. Janus Henderson Group PLC now owns 16,611 shares of the company’s stock valued at $608,000 after acquiring an additional 8,445 shares during the period. Finally, EMC Capital Management raised its holdings in Shoe Carnival by 11.9% during the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after acquiring an additional 793 shares during the period. 66.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SCVL. Williams Trading raised their price target on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 29th. StockNews.com cut Shoe Carnival from a “hold” rating to a “sell” rating in a report on Friday.

Shoe Carnival Trading Up 0.1 %

Shares of SCVL stock opened at $33.90 on Friday. Shoe Carnival, Inc. has a 12-month low of $22.75 and a 12-month high of $46.92. The company has a current ratio of 3.88, a quick ratio of 0.70 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $38.78 and its 200-day moving average price is $38.66. The stock has a market capitalization of $921.06 million, a price-to-earnings ratio of 12.46 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts predict that Shoe Carnival, Inc. will post 2.67 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.59%. Shoe Carnival’s dividend payout ratio (DPR) is 19.85%.

Shoe Carnival 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.