Shoe Carnival, Inc. (SCVL) Stake Decreased by New York State Common Retirement Fund
New York State Common Retirement Fund lowered its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,200 shares of the company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Shoe Carnival worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of SCVL. Marshall Wace North America L.P. purchased a new position in shares of Shoe Carnival in the second quarter worth $2,052,000. JPMorgan Chase & Co. raised its stake in shares of Shoe Carnival by 592.8% in the second quarter. JPMorgan Chase & Co. now owns 52,365 shares of the company’s stock worth $1,094,000 after purchasing an additional 44,807 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Shoe Carnival by 35.7% in the second quarter. Prudential Financial Inc. now owns 153,749 shares of the company’s stock worth $3,210,000 after purchasing an additional 40,480 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Shoe Carnival by 67.4% in the second quarter. Russell Investments Group Ltd. now owns 89,641 shares of the company’s stock worth $1,872,000 after purchasing an additional 36,100 shares during the last quarter. Finally, Thrivent Financial For Lutherans purchased a new stake in Shoe Carnival during the second quarter valued at $748,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.
In related news, Director Charles B. Tomm purchased 11,190 shares of Shoe Carnival stock in a transaction on Friday, September 29th. The stock was acquired at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the transaction, the director now directly owns 16,948 shares in the company, valued at approximately $384,550.12. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 28.50% of the company’s stock.
Shares of Shoe Carnival, Inc. (SCVL) opened at $26.75 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.38 and a quick ratio of 0.25. The company has a market capitalization of $455.29, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. Shoe Carnival, Inc. has a 1 year low of $15.07 and a 1 year high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The business had revenue of $287.47 million during the quarter, compared to analysts’ expectations of $286.90 million. Shoe Carnival had a return on equity of 7.82% and a net margin of 2.17%. sell-side analysts expect that Shoe Carnival, Inc. will post 1.48 EPS for the current year.
A number of analysts recently commented on SCVL shares. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $18.00 price objective on shares of Shoe Carnival in a research report on Monday, August 28th. Zacks Investment Research cut Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. Sidoti cut Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 3rd. Finally, UBS AG upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.86.
Shoe Carnival Profile
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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