Charles Schwab Investment Management Inc. Has $11.53 Million Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Charles Schwab Investment Management Inc. cut its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 262,910 shares of the company's stock after selling 45,152 shares during the period. Charles Schwab Investment Management Inc. owned about 0.97% of Shoe Carnival worth $11,529,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Innealta Capital LLC bought a new stake in Shoe Carnival in the second quarter valued at $41,000. Everence Capital Management Inc. bought a new stake in Shoe Carnival in the 3rd quarter valued at about $224,000. Aigen Investment Management LP acquired a new position in Shoe Carnival during the 3rd quarter valued at about $237,000. Summit Global Investments acquired a new position in Shoe Carnival during the 2nd quarter valued at about $244,000. Finally, Creative Planning bought a new position in Shoe Carnival in the 2nd quarter worth about $281,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of SCVL stock traded up $0.28 during midday trading on Monday, reaching $34.19. 326,180 shares of the company were exchanged, compared to its average volume of 252,922. The company's 50 day moving average price is $36.76 and its two-hundred day moving average price is $38.65. The company has a market cap of $928.94 million, a P/E ratio of 12.47 and a beta of 1.53. Shoe Carnival, Inc. has a 12 month low of $24.94 and a 12 month high of $46.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 3.88.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Thursday, November 21st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $306.90 million for the quarter, compared to analysts' expectations of $316.97 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, October 7th. Shoe Carnival's dividend payout ratio (DPR) is presently 19.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SCVL shares. StockNews.com upgraded Shoe Carnival from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. Williams Trading boosted their price target on Shoe Carnival from $42.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th.

Insider Activity

In other Shoe Carnival news, Chairman Wayne J. Weaver bought 285,500 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of $33.91 per share, with a total value of $9,681,305.00. Following the completion of the purchase, the chairman now directly owns 4,173,529 shares in the company, valued at approximately $141,524,368.39. This trade represents a 7.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 34.70% of the company's stock.

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.