Victory Capital Management Inc. Raises Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Victory Capital Management Inc. grew its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 138.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,239 shares of the company's stock after purchasing an additional 34,382 shares during the period. Victory Capital Management Inc. owned approximately 0.22% of Shoe Carnival worth $2,598,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System acquired a new stake in shares of Shoe Carnival in the first quarter valued at about $335,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Shoe Carnival by 11.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,369 shares of the company's stock worth $562,000 after acquiring an additional 1,562 shares in the last quarter. BOKF NA acquired a new stake in shares of Shoe Carnival in the 1st quarter worth approximately $308,000. Janus Henderson Group PLC increased its stake in Shoe Carnival by 103.4% in the 1st quarter. Janus Henderson Group PLC now owns 16,611 shares of the company's stock valued at $608,000 after purchasing an additional 8,445 shares in the last quarter. Finally, EMC Capital Management raised its holdings 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. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Trading Up 0.1 %

NASDAQ:SCVL traded up $0.05 on Friday, reaching $33.90. The stock had a trading volume of 860,588 shares, compared to its average volume of 349,478. Shoe Carnival, Inc. has a 12-month low of $22.75 and a 12-month high of $46.92. The company has a market cap of $921.06 million, a price-to-earnings ratio of 12.46 and a beta of 1.56. The firm's fifty day moving average is $38.78 and its two-hundred day moving average is $38.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.88 and a quick ratio of 0.70.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. The firm had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. Shoe Carnival's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. Equities analysts expect that Shoe Carnival, Inc. will post 2.67 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.