Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $36.10 and traded as high as $42.54. Shoe Carnival shares last traded at $40.47, with a volume of 268,341 shares.
Wall Street Analyst Weigh In
Separately, Williams Trading lifted their target price on Shoe Carnival from $42.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday.
Check Out Our Latest Report on SCVL
Shoe Carnival Stock Up 2.6 %
The stock's 50 day moving average price is $39.78 and its two-hundred day moving average price is $36.14. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.32 and a beta of 1.49.
Shoe Carnival Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, July 8th. Shoe Carnival's payout ratio is currently 19.93%.
Institutional Investors Weigh In On Shoe Carnival
Several institutional investors have recently made changes to their positions in SCVL. Creative Planning bought a new position in Shoe Carnival during the second quarter valued at approximately $281,000. Millennium Management LLC increased its stake in shares of Shoe Carnival by 726.1% during the 2nd quarter. Millennium Management LLC now owns 101,831 shares of the company's stock worth $3,757,000 after purchasing an additional 89,504 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Shoe Carnival by 98.9% during the 2nd quarter. Maverick Capital Ltd. now owns 56,790 shares of the company's stock valued at $2,095,000 after purchasing an additional 28,233 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Shoe Carnival by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 39,420 shares of the company's stock valued at $1,454,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Shoe Carnival by 1.1% in the second quarter. Sei Investments Co. now owns 52,816 shares of the company's stock worth $1,948,000 after purchasing an additional 595 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.
About Shoe Carnival
(
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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.
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