Shoe Carnival, Inc. (SCVL) Stake Lessened by Alps Advisors Inc.

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Alps Advisors Inc. lessened its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,878 shares of the company’s stock after selling 5,365 shares during the quarter. Alps Advisors Inc.’s holdings in Shoe Carnival were worth $666,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in Shoe Carnival by 8.3% during the 3rd quarter. Vanguard Group Inc now owns 692,302 shares of the company’s stock valued at $26,653,000 after purchasing an additional 53,058 shares during the period. Vanguard Group Inc. boosted its stake in Shoe Carnival by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 692,302 shares of the company’s stock valued at $26,653,000 after purchasing an additional 53,058 shares during the period. Acadian Asset Management LLC boosted its stake in Shoe Carnival by 125.7% during the 3rd quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock valued at $15,779,000 after purchasing an additional 228,244 shares during the period. AQR Capital Management LLC boosted its stake in Shoe Carnival by 163.2% during the 3rd quarter. AQR Capital Management LLC now owns 244,488 shares of the company’s stock valued at $9,413,000 after purchasing an additional 151,586 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Shoe Carnival by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 195,908 shares of the company’s stock valued at $7,543,000 after purchasing an additional 18,093 shares during the period. Institutional investors own 87.30% of the company’s stock.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $36.77, for a total value of $55,155.00. Following the completion of the transaction, the director now owns 14,960 shares of the company’s stock, valued at approximately $550,079.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kent A. Kleeberger sold 1,074 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $33.98, for a total value of $36,494.52. Following the completion of the transaction, the director now directly owns 13,886 shares of the company’s stock, valued at approximately $471,846.28. The disclosure for this sale can be found here. Corporate insiders own 22.70% of the company’s stock.

Shoe Carnival stock opened at $36.95 on Thursday. The company has a market capitalization of $566.27 million, a price-to-earnings ratio of 24.80 and a beta of 0.78. Shoe Carnival, Inc. has a 12 month low of $21.72 and a 12 month high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.61 by $0.15. The firm had revenue of $269.18 million during the quarter, compared to analysts’ expectations of $265.40 million. Shoe Carnival had a return on equity of 12.51% and a net margin of 3.17%. Equities research analysts expect that Shoe Carnival, Inc. will post 2.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 28th. Shareholders of record on Monday, January 14th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 11th. This represents a $0.32 annualized dividend and a yield of 0.87%. Shoe Carnival’s dividend payout ratio (DPR) is 21.48%.

Several analysts recently weighed in on the company. ValuEngine upgraded Shoe Carnival from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Pivotal Research increased their target price on Shoe Carnival from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 20th. BidaskClub downgraded Shoe Carnival from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Susquehanna Bancshares upgraded Shoe Carnival from a “neutral” rating to a “positive” rating and set a $42.00 target price for the company in a research note on Wednesday, January 2nd. Finally, UBS Group upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.83.

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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.

Further Reading: How can you know how many shares are floating?

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

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