Shoe Carnival, Inc. (NASDAQ:SCVL) Plans Quarterly Dividend of $0.14

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) announced a quarterly dividend on Thursday, December 12th,RTT News reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.135 per share on Monday, January 27th. This represents a $0.54 dividend on an annualized basis and a yield of 1.57%.

Shoe Carnival has increased its dividend by an average of 32.8% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Shoe Carnival has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shoe Carnival to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 18.4%.

Shoe Carnival Stock Down 3.6 %

NASDAQ SCVL traded down $1.28 during trading on Thursday, reaching $34.36. 361,027 shares of the company's stock were exchanged, compared to its average volume of 255,138. Shoe Carnival has a fifty-two week low of $24.94 and a fifty-two week high of $46.92. The firm has a market capitalization of $933.56 million, a PE ratio of 13.10 and a beta of 1.53. The company has a current ratio of 3.88, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $36.33 and its 200-day simple moving average is $38.60.

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

Insider Activity at Shoe Carnival

In related news, Chairman Wayne J. Weaver acquired 285,500 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $33.91 per share, with a total value of $9,681,305.00. Following the purchase, the chairman now owns 4,173,529 shares of the company's stock, valued at approximately $141,524,368.39. The trade was a 7.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 34.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.