Shoe Carnival (NASDAQ:SCVL) Shares Gap Down to $37.69

Shoe Carnival, Inc. (NASDAQ:SCVL) gapped down before the market opened on Friday . The stock had previously closed at $37.69, but opened at $35.99. Shoe Carnival shares last traded at $36.69, with a volume of 984 shares.

The stock has a fifty day simple moving average of $39.82 and a two-hundred day simple moving average of $36.43. The company has a market cap of $1.00 billion, a PE ratio of 7.14 and a beta of 1.44.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, November 17th. The company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.49. Shoe Carnival had a return on equity of 38.23% and a net margin of 11.15%. During the same period last year, the firm posted $0.51 EPS. On average, equities analysts expect that Shoe Carnival, Inc. will post 5.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 24th. Shareholders of record on Monday, January 10th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, January 7th. Shoe Carnival’s dividend payout ratio is presently 5.66%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in Shoe Carnival in the 2nd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Shoe Carnival during the 2nd quarter valued at approximately $27,000. Lazard Asset Management LLC acquired a new stake in shares of Shoe Carnival during the 2nd quarter valued at approximately $58,000. Amundi acquired a new stake in shares of Shoe Carnival during the 2nd quarter valued at approximately $72,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Shoe Carnival during the 2nd quarter valued at approximately $104,000. 62.50% of the stock is currently owned by institutional investors.

About Shoe Carnival (NASDAQ:SCVL)

Shoe Carnival, Inc engages in the retail of footwear products. It offers casual and athletic footwear for men, women, and children under the Skechers, Clarks, Adidas, Crocs, New Balance, Converse, Roxy, Nike, Vans, Madden Girl, Sperry, Rampage, Keds, PUMA, Timberland, Koolaburra, Jellypop, and ASICS brands.

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