Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Acquired by Bokf Na

Bokf Na increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 68.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,029 shares of the company’s stock after buying an additional 5,707 shares during the quarter. Bokf Na owned about 0.05% of Shoe Carnival worth $518,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCVL. American Century Companies Inc. increased its holdings in shares of Shoe Carnival by 34.7% in the second quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock valued at $15,138,000 after purchasing an additional 105,818 shares during the period. Charles Schwab Investment Management Inc. grew its position in Shoe Carnival by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 333,411 shares of the company’s stock valued at $10,072,000 after buying an additional 20,941 shares during the last quarter. Wasatch Advisors LP increased its stake in Shoe Carnival by 22.2% in the 4th quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock valued at $8,924,000 after buying an additional 53,702 shares during the period. Soviero Asset Management LP raised its position in Shoe Carnival by 244.3% during the 4th 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 last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Shoe Carnival by 16.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after acquiring an additional 27,404 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Analysts Set New Price Targets

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 report on Thursday, August 29th.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $41.66 on Tuesday. The stock’s 50 day moving average price is $40.44 and its 200 day moving average price is $36.95. Shoe Carnival, Inc. has a 1-year low of $21.18 and a 1-year high of $44.48. The company has a market cap of $1.13 billion, a PE ratio of 15.37 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, September 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

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

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.