Maverick Capital Ltd. Purchases 28,233 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Maverick Capital Ltd. lifted its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 98.9% during the second quarter, HoldingsChannel reports. The firm owned 56,790 shares of the company’s stock after purchasing an additional 28,233 shares during the period. Maverick Capital Ltd.’s holdings in Shoe Carnival were worth $2,095,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Public Sector Pension Investment Board increased its position in Shoe Carnival by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 39,420 shares of the company’s stock worth $1,454,000 after buying an additional 1,946 shares during the period. Sei Investments Co. boosted its position in shares of Shoe Carnival by 1.1% in the second quarter. Sei Investments Co. now owns 52,816 shares of the company’s stock valued at $1,948,000 after acquiring an additional 595 shares during the period. Hsbc Holdings PLC grew its stake in shares of Shoe Carnival by 21.3% in the second quarter. Hsbc Holdings PLC now owns 9,293 shares of the company’s stock worth $338,000 after acquiring an additional 1,634 shares during the last quarter. BOKF NA increased its position in Shoe Carnival by 68.6% during the second quarter. BOKF NA now owns 14,029 shares of the company’s stock worth $518,000 after acquiring an additional 5,707 shares during the period. Finally, American Century Companies Inc. increased its position in Shoe Carnival by 34.7% during the second quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock worth $15,138,000 after acquiring an additional 105,818 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Williams Trading raised their price target on shares of 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 Stock Down 2.1 %

Shares of SCVL opened at $43.30 on Friday. The stock’s 50-day moving average price is $41.50 and its 200 day moving average price is $37.65. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.98 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. Shoe Carnival’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Equities research analysts expect that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, October 7th. Shoe Carnival’s payout ratio is 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.