New South Capital Management Inc. Has $11.38 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

New South Capital Management Inc. trimmed its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 35.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 259,450 shares of the company's stock after selling 143,750 shares during the period. New South Capital Management Inc. owned 0.95% of Shoe Carnival worth $11,377,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Shoe Carnival in the second quarter valued at approximately $41,000. Everence Capital Management Inc. purchased a new position in Shoe Carnival during the third quarter worth about $224,000. Summit Global Investments bought a new stake in Shoe Carnival during the second quarter worth about $244,000. EMC Capital Management lifted its stake in Shoe Carnival by 11.9% during the first quarter. EMC Capital Management now owns 7,468 shares of the company's stock worth $274,000 after purchasing an additional 793 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Shoe Carnival in the 2nd quarter valued at about $281,000. 66.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Shoe Carnival Stock Up 0.3 %

SCVL stock traded up $0.11 during trading on Tuesday, reaching $38.35. The company's stock had a trading volume of 219,033 shares, compared to its average volume of 238,482. The company has a market capitalization of $1.04 billion, a P/E ratio of 13.81 and a beta of 1.56. The company's fifty day moving average is $39.56 and its 200-day moving average is $38.65. Shoe Carnival, Inc. has a 1 year low of $21.50 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. Shoe Carnival's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.41%. Shoe Carnival's payout ratio is 19.15%.

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.