Shoe Carnival (NASDAQ:SCVL) Price Target Increased to $51.00 by Analysts at Williams Trading

Shoe Carnival (NASDAQ:SCVL) had its price target upped by Williams Trading from $42.00 to $51.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Shoe Carnival Trading Up 2.6 %

SCVL stock opened at $41.51 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of 15.32 and a beta of 1.49. Shoe Carnival has a 12-month low of $20.75 and a 12-month high of $44.48. The stock’s 50 day simple moving average is $39.78 and its 200 day simple moving average is $36.14.

Shoe Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, July 8th. Shoe Carnival’s dividend payout ratio is currently 19.93%.

Institutional Investors Weigh In On Shoe Carnival

Institutional investors and hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its position in Shoe Carnival by 14.0% in the fourth quarter. First Eagle Investment Management LLC now owns 412,144 shares of the company’s stock worth $12,451,000 after buying an additional 50,750 shares during the period. American Century Companies Inc. increased its position in Shoe Carnival by 34.7% in the second quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock worth $15,138,000 after buying an additional 105,818 shares during the period. Charles Schwab Investment Management Inc. increased its position in Shoe Carnival by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 333,411 shares of the company’s stock worth $10,072,000 after buying an additional 20,941 shares during the period. Wasatch Advisors LP increased its position in Shoe Carnival by 22.2% in the fourth quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock worth $8,924,000 after buying an additional 53,702 shares during the period. Finally, Soviero Asset Management LP increased its position in Shoe Carnival by 244.3% in the fourth quarter. Soviero Asset Management LP now owns 241,000 shares of the company’s stock worth $7,281,000 after buying an additional 171,000 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

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.