Pacer Advisors Inc. Takes Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Pacer Advisors Inc. purchased a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 853,825 shares of the company's stock, valued at approximately $37,440,000. Pacer Advisors Inc. owned 3.14% of Shoe Carnival at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SCVL. Innealta Capital LLC purchased a new stake in Shoe Carnival during the second quarter valued at approximately $41,000. Everence Capital Management Inc. purchased a new stake in shares of Shoe Carnival during the 3rd quarter valued at $224,000. Aigen Investment Management LP purchased a new stake in shares of Shoe Carnival during the 3rd quarter valued at $237,000. Summit Global Investments acquired a new stake in shares of Shoe Carnival in the 2nd quarter worth $244,000. Finally, EMC Capital Management grew its stake in Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company's stock worth $274,000 after buying an additional 793 shares during the last quarter. 66.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SCVL shares. StockNews.com cut Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Friday. Williams Trading increased their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, August 29th.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.05 during mid-day trading on Friday, hitting $33.90. The stock had a trading volume of 860,588 shares, compared to its average volume of 349,478. The firm has a market cap of $921.06 million, a PE ratio of 12.46 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.70 and a current ratio of 3.88. The company has a 50 day moving average of $38.78 and a two-hundred day moving average of $38.66. Shoe Carnival, Inc. has a twelve month low of $22.75 and a twelve month high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The business had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company's revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. Research analysts predict that Shoe Carnival, Inc. will post 2.67 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.59%. Shoe Carnival's dividend payout ratio (DPR) is presently 19.85%.

Shoe Carnival Company 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.