Shoe Carnival (NASDAQ:SCVL) Hits New 12-Month High at $46.49

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $46.49 and last traded at $46.05, with a volume of 165297 shares trading hands. The stock had previously closed at $43.90.

Analyst Ratings Changes

Separately, Williams Trading lifted their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, August 29th.

Shoe Carnival Stock Up 1.6 %

The firm has a market cap of $1.21 billion, a PE ratio of 16.46 and a beta of 1.53. The company's fifty day moving average price is $40.71 and its two-hundred day moving average price is $37.09.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, analysts predict that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, July 8th. Shoe Carnival's dividend payout ratio is currently 19.93%.

Institutional Trading of Shoe Carnival

A number of institutional investors have recently added to or reduced their stakes in SCVL. Charles Schwab Investment Management Inc. boosted its holdings in Shoe Carnival by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 333,411 shares of the company's stock worth $10,072,000 after buying an additional 20,941 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Shoe Carnival by 268.8% during the fourth quarter. BNP Paribas Financial Markets now owns 33,081 shares of the company's stock worth $999,000 after buying an additional 24,110 shares in the last quarter. Soviero Asset Management LP boosted its holdings in Shoe Carnival by 244.3% during the fourth quarter. Soviero Asset Management LP now owns 241,000 shares of the company's stock worth $7,281,000 after buying an additional 171,000 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Shoe Carnival by 22.2% during the fourth quarter. Wasatch Advisors LP now owns 295,412 shares of the company's stock worth $8,924,000 after buying an additional 53,702 shares in the last quarter. Finally, Sebold Capital Management Inc. boosted its holdings in Shoe Carnival by 19.3% during the first quarter. Sebold Capital Management Inc. now owns 22,573 shares of the company's stock worth $827,000 after buying an additional 3,653 shares in the last quarter. Hedge funds and other 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.