Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 69.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,357 shares of the company's stock after selling 116,055 shares during the quarter. Verition Fund Management LLC owned about 0.19% of Shoe Carnival worth $2,252,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its position in Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company's stock worth $187,000 after purchasing an additional 343 shares during the period. Rhumbline Advisers boosted its position in shares of Shoe Carnival by 0.7% in the second quarter. Rhumbline Advisers now owns 56,711 shares of the company's stock worth $2,092,000 after buying an additional 394 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Shoe Carnival by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 31,550 shares of the company's stock valued at $1,164,000 after buying an additional 402 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Shoe Carnival by 1.1% during the 2nd quarter. Sei Investments Co. now owns 52,816 shares of the company's stock valued at $1,948,000 after buying an additional 595 shares during the period. Finally, Foundry Partners LLC raised its holdings in shares of Shoe Carnival by 0.6% during the 3rd quarter. Foundry Partners LLC now owns 149,735 shares of the company's stock valued at $6,566,000 after buying an additional 940 shares during the period. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SCVL has been the subject of a number of analyst reports. StockNews.com upgraded Shoe Carnival from a "sell" rating to a "hold" rating in a report on Saturday, November 30th. Williams Trading upped their target price on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, August 29th.

Shoe Carnival Stock Up 3.7 %

Shares of NASDAQ:SCVL traded up $1.22 during trading on Friday, hitting $33.91. The company's stock had a trading volume of 397,002 shares, compared to its average volume of 252,612. The company has a market capitalization of $921.33 million, a PE ratio of 12.47 and a beta of 1.53. Shoe Carnival, Inc. has a fifty-two week low of $24.94 and a fifty-two week high of $46.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 3.88. The stock's 50-day moving average price is $36.76 and its two-hundred day moving average price is $38.59.

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

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, October 7th. Shoe Carnival's payout ratio is currently 19.85%.

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.