Shoe Carnival (NASDAQ:SCVL) Reaches New 12-Month High at $38.27

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.27 and last traded at $38.12, with a volume of 83867 shares changing hands. The stock had previously closed at $37.36.

Analyst Upgrades and Downgrades

SCVL has been the topic of several research reports. Williams Trading upgraded shares of Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Friday, March 22nd. Monness Crespi & Hardt lowered shares of Shoe Carnival from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 19th.

Shoe Carnival Trading Up 2.0 %

The firm has a market cap of $1.03 billion, a P/E ratio of 14.06 and a beta of 1.57. The business's fifty day moving average price is $34.88 and its two-hundred day moving average price is $30.40.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The business had revenue of $300.37 million for the quarter, compared to analyst estimates of $292.38 million. Research analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a dividend of $0.135 per share. This is an increase from Shoe Carnival's previous quarterly dividend of $0.12. This represents a $0.54 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, April 5th. Shoe Carnival's dividend payout ratio (DPR) is currently 19.93%.

Insider Activity at Shoe Carnival

In other Shoe Carnival news, EVP Carl N. Scibetta sold 5,415 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the transaction, the executive vice president now directly owns 118,077 shares of the company's stock, valued at $4,185,829.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Carl N. Scibetta sold 5,415 shares of Shoe Carnival stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares in the company, valued at approximately $4,185,829.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea R. Guthrie sold 2,467 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total transaction of $80,078.82. Following the transaction, the director now owns 20,106 shares of the company's stock, valued at approximately $652,640.76. The disclosure for this sale can be found here. 34.70% of the stock is currently owned by insiders.

Institutional Trading of Shoe Carnival

A number of institutional investors have recently made changes to their positions in the business. First Dallas Securities Inc. bought a new stake in Shoe Carnival during the third quarter worth $5,816,000. Soviero Asset Management LP raised its position in shares of Shoe Carnival by 244.3% in the fourth quarter. Soviero Asset Management LP now owns 241,000 shares of the company's stock valued at $7,281,000 after purchasing an additional 171,000 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Shoe Carnival by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 265,412 shares of the company's stock valued at $6,378,000 after purchasing an additional 87,415 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Shoe Carnival by 60.0% in the third quarter. Envestnet Asset Management Inc. now owns 223,519 shares of the company's stock valued at $5,371,000 after purchasing an additional 83,860 shares during the period. Finally, Wasatch Advisors LP raised its position in shares of Shoe Carnival by 22.2% in the fourth quarter. Wasatch Advisors LP now owns 295,412 shares of the company's stock valued at $8,924,000 after purchasing an additional 53,702 shares during the period. Institutional investors own 66.05% 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.