Shoe Carnival, Inc. (NASDAQ:SCVL) Director Charles B. Tomm bought 11,190 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average price of $22.69 per share, for a total transaction of $253,901.10. Following the completion of the acquisition, the director now owns 16,948 shares in the company, valued at approximately $384,550.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Shoe Carnival, Inc. (NASDAQ SCVL) traded down 1.16% during mid-day trading on Friday, hitting $20.49. The company had a trading volume of 122,663 shares. The firm has a market cap of $348.72 million, a PE ratio of 16.95 and a beta of 0.94. The firm’s 50 day moving average is $20.06 and its 200-day moving average is $20.53. Shoe Carnival, Inc. has a 12-month low of $15.08 and a 12-month high of $31.79.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Wednesday, August 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. The company had revenue of $235.10 million for the quarter, compared to analyst estimates of $232.26 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Shoe Carnival, Inc. will post $1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.30 annualized dividend and a dividend yield of 1.46%. Shoe Carnival’s dividend payout ratio is currently 24.79%.

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A number of brokerages have weighed in on SCVL. Sidoti lowered Shoe Carnival from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, October 3rd. Susquehanna Bancshares Inc upgraded Shoe Carnival from a “neutral” rating to a “positive” rating and raised their price objective for the company from $19.00 to $23.00 in a research note on Wednesday, September 20th. UBS AG upgraded Shoe Carnival from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. One equities research 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’s stock. Shoe Carnival currently has an average rating of “Hold” and a consensus target price of $22.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Shoe Carnival by 5.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $100,000 after acquiring an additional 200 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Shoe Carnival during the 2nd quarter worth approximately $175,000. JPMorgan Chase & Co. grew its position in Shoe Carnival by 482.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after acquiring an additional 6,260 shares during the last quarter. Alliancebernstein L.P. grew its position in Shoe Carnival by 13.6% during the 2nd quarter. Alliancebernstein L.P. now owns 10,850 shares of the company’s stock worth $227,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Shoe Carnival during the 1st quarter worth approximately $249,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Shoe Carnival

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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