Rhumbline Advisers Buys 394 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Rhumbline Advisers increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 0.7% in the 2nd quarter, Holdings Channel reports. The firm owned 56,711 shares of the company’s stock after buying an additional 394 shares during the period. Rhumbline Advisers’ holdings in Shoe Carnival were worth $2,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Shoe Carnival during the 2nd quarter valued at $41,000. Maryland State Retirement & Pension System bought a new stake in shares of Shoe Carnival in the first quarter worth $240,000. Summit Global Investments purchased a new stake in Shoe Carnival during the second quarter valued at $244,000. EMC Capital Management lifted its holdings in Shoe Carnival by 11.9% in 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. Finally, BOKF NA purchased a new position in Shoe Carnival in the first quarter worth about $308,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shoe Carnival Trading Up 2.7 %

SCVL opened at $45.82 on Friday. The firm’s 50 day simple moving average is $40.87 and its two-hundred day simple moving average is $37.14. The company has a market capitalization of $1.24 billion, a PE ratio of 16.91 and a beta of 1.53. Shoe Carnival, Inc. has a 1-year low of $21.18 and a 1-year high of $46.49.

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

Shoe Carnival Announces Dividend

The business also recently disclosed 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. This represents a $0.54 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is currently 19.93%.

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.