Barclays PLC Has $1.33 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Barclays PLC lifted its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 189.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,342 shares of the company's stock after purchasing an additional 19,868 shares during the quarter. Barclays PLC owned about 0.11% of Shoe Carnival worth $1,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCVL. Pacer Advisors Inc. bought a new position in Shoe Carnival in the third quarter valued at approximately $37,440,000. American Century Companies Inc. raised its holdings in shares of 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. Millennium Management LLC lifted its position in Shoe Carnival by 726.1% in the 2nd quarter. Millennium Management LLC now owns 101,831 shares of the company's stock valued at $3,757,000 after acquiring an additional 89,504 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Shoe Carnival by 138.3% in the third quarter. Victory Capital Management Inc. now owns 59,239 shares of the company's stock valued at $2,598,000 after purchasing an additional 34,382 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its stake in Shoe Carnival by 98.9% in the 2nd quarter. Maverick Capital Ltd. now owns 56,790 shares of the company's stock valued at $2,095,000 after acquiring an additional 28,233 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Shoe Carnival from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th.

Insider Transactions at Shoe Carnival

In other Shoe Carnival news, Chairman Wayne J. Weaver bought 285,500 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $33.91 per share, with a total value of $9,681,305.00. Following the acquisition, the chairman now owns 4,173,529 shares of the company's stock, valued at $141,524,368.39. The trade was a 7.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.70% of the stock is owned by company insiders.

Shoe Carnival Stock Performance

SCVL traded down $0.71 on Friday, hitting $35.67. 325,396 shares of the company were exchanged, compared to its average volume of 267,115. The stock's fifty day moving average is $35.23 and its 200-day moving average is $38.41. Shoe Carnival, Inc. has a 12 month low of $24.94 and a 12 month high of $46.92. The company has a market cap of $969.33 million, a PE ratio of 13.11 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company had revenue of $306.90 million for the quarter, compared to analysts' expectations of $316.97 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business's revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 13th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, January 13th. Shoe Carnival's dividend payout ratio (DPR) is presently 19.85%.

Shoe Carnival declared that its board has approved a stock buyback plan on Thursday, December 12th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.