Globeflex Capital L P Sells 9,500 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Globeflex Capital L P decreased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,457 shares of the company’s stock after selling 9,500 shares during the quarter. Globeflex Capital L P owned approximately 0.10% of Shoe Carnival worth $518,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Shoe Carnival in the 4th quarter valued at $886,000. Gotham Asset Management LLC boosted its stake in shares of Shoe Carnival by 159.8% in the 4th quarter. Gotham Asset Management LLC now owns 52,413 shares of the company’s stock valued at $1,756,000 after purchasing an additional 32,241 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Shoe Carnival by 232.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,044 shares of the company’s stock valued at $102,000 after purchasing an additional 2,128 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Shoe Carnival by 212.3% in the 4th quarter. Squarepoint Ops LLC now owns 44,814 shares of the company’s stock valued at $1,502,000 after purchasing an additional 30,464 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Shoe Carnival in the 4th quarter valued at $258,000. 87.32% of the stock is currently owned by institutional investors.

NASDAQ:SCVL traded up $1.58 on Monday, hitting $36.46. 667,100 shares of the stock were exchanged, compared to its average volume of 481,408. The stock has a market capitalization of $528.59 million, a P/E ratio of 14.88 and a beta of 0.76. Shoe Carnival, Inc. has a 52 week low of $23.08 and a 52 week high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $234.70 million during the quarter, compared to analysts’ expectations of $232.84 million. Shoe Carnival had a return on equity of 12.42% and a net margin of 3.70%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.88%. Shoe Carnival’s dividend payout ratio (DPR) is presently 13.06%.

Several brokerages recently issued reports on SCVL. ValuEngine upgraded shares of Shoe Carnival from a “hold” rating to a “buy” rating in a research report on Thursday, January 3rd. Zacks Investment Research downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Sidoti upgraded shares of Shoe Carnival from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. They noted that the move was a valuation call. BidaskClub downgraded shares of Shoe Carnival from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Finally, Pivotal Research reiterated a “buy” rating and set a $45.00 price target on shares of Shoe Carnival in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.20.

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About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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