Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report)'s stock price traded down 15.9% on Thursday . The company traded as low as $20.10 and last traded at $19.35. 123,786 shares traded hands during trading, a decline of 64% from the average session volume of 339,779 shares. The stock had previously closed at $23.00.
Shoe Carnival Stock Down 5.0 %
The business has a 50-day simple moving average of $23.22 and a 200-day simple moving average of $31.25. The company has a market cap of $508.17 million, a PE ratio of 6.88 and a beta of 1.35.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. As a group, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.
Shoe Carnival Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.15 per share. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 3.21%. The ex-dividend date is Monday, April 7th. Shoe Carnival's dividend payout ratio is presently 22.39%.
Shoe Carnival declared that its Board of Directors has approved a stock buyback plan on Thursday, December 12th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Institutional Trading of Shoe Carnival
A number of large investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Shoe Carnival by 189.7% during the 3rd quarter. Barclays PLC now owns 30,342 shares of the company's stock worth $1,330,000 after purchasing an additional 19,868 shares during the period. State Street Corp increased its stake in shares of Shoe Carnival by 2.2% during the third quarter. State Street Corp now owns 793,318 shares of the company's stock worth $34,787,000 after buying an additional 17,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Shoe Carnival by 16.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,069 shares of the company's stock valued at $2,196,000 after acquiring an additional 6,946 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock worth $19,236,000 after acquiring an additional 96,753 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Shoe Carnival by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 95,181 shares of the company's stock worth $3,149,000 after acquiring an additional 3,452 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company's stock.
About Shoe Carnival
(
Get Free Report)
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.
Further Reading
Before you consider Shoe Carnival, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shoe Carnival wasn't on the list.
While Shoe Carnival currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
