Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Monday, January 8th will be paid a dividend of 0.075 per share on Monday, January 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, January 5th.

Shoe Carnival (SCVL) opened at $25.64 on Thursday. The company has a market capitalization of $458.21, a PE ratio of 19.28, a PEG ratio of 1.53 and a beta of 1.06. Shoe Carnival has a twelve month low of $15.07 and a twelve month high of $28.38.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The company had revenue of $287.47 million for the quarter, compared to the consensus estimate of $286.90 million. Shoe Carnival had a return on equity of 7.81% and a net margin of 2.17%. analysts forecast that Shoe Carnival will post 1.48 EPS for the current year.

Shoe Carnival announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 19th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several brokerages recently commented on SCVL. TheStreet upgraded Shoe Carnival from a “c” rating to a “b-” rating in a report on Friday, November 17th. Pivotal Research began coverage on Shoe Carnival in a report on Tuesday, November 21st. They set a “hold” rating and a $28.00 target price on the stock. BidaskClub upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Jefferies Group set a $22.00 target price on Shoe Carnival and gave the company a “hold” rating in a report on Saturday, November 18th. Finally, Wedbush reiterated a “buy” rating and set a $33.00 target price (up from $27.00) on shares of Shoe Carnival in a report on Tuesday, December 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Shoe Carnival presently has a consensus rating of “Hold” and an average target price of $25.63.

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Shoe Carnival Company 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

Dividend History for Shoe Carnival (NASDAQ:SCVL)

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