Wasatch Advisors LP Has $11.74 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Wasatch Advisors LP trimmed its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,687 shares of the company's stock after selling 33,184 shares during the quarter. Wasatch Advisors LP owned approximately 0.99% of Shoe Carnival worth $11,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCVL. Pacer Advisors Inc. bought a new position in shares of Shoe Carnival in the 3rd quarter valued at about $37,440,000. American Century Companies Inc. lifted its holdings in Shoe Carnival by 34.7% in the second quarter. American Century Companies Inc. now owns 410,355 shares of the company's stock valued at $15,138,000 after buying an additional 105,818 shares during the period. Foundry Partners LLC boosted its stake in Shoe Carnival by 0.6% in the third quarter. Foundry Partners LLC now owns 149,735 shares of the company's stock valued at $6,566,000 after acquiring an additional 940 shares during the last quarter. Empowered Funds LLC grew its holdings in Shoe Carnival by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 129,459 shares of the company's stock worth $5,677,000 after acquiring an additional 6,566 shares during the period. Finally, Millennium Management LLC grew its holdings in 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 acquiring an additional 89,504 shares during the period. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Trading Up 0.4 %

NASDAQ SCVL traded up $0.15 during trading on Friday, reaching $33.76. 250,163 shares of the stock traded hands, compared to its average volume of 398,127. Shoe Carnival, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $46.92. The company has a quick ratio of 0.89, a current ratio of 3.88 and a debt-to-equity ratio of 0.50. The firm has a market cap of $917.26 million, a price-to-earnings ratio of 12.41 and a beta of 1.56. The stock's 50-day moving average price is $37.74 and its 200 day moving average price is $38.63.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The firm's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, October 7th. Shoe Carnival's dividend payout ratio is currently 19.85%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SCVL shares. Williams Trading raised their price target on Shoe Carnival from $42.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. StockNews.com raised Shoe Carnival from a "sell" rating to a "hold" rating in a research note on Saturday.

Shoe Carnival 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.