Andrea R. Guthrie Sells 2,467 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) Stock

Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R. Guthrie sold 2,467 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total transaction of $80,078.82. Following the completion of the transaction, the director now directly owns 20,106 shares of the company’s stock, valued at approximately $652,640.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shoe Carnival Stock Performance

NASDAQ:SCVL traded down $0.19 during midday trading on Thursday, reaching $32.46. 111,300 shares of the stock traded hands, compared to its average volume of 188,468. The company has a fifty day moving average of $32.55 and a 200 day moving average of $28.06. Shoe Carnival, Inc. has a 12 month low of $19.24 and a 12 month high of $37.08. The stock has a market capitalization of $879.67 million, a P/E ratio of 12.16 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Shoe Carnival had a net margin of 6.24% and a return on equity of 13.17%. The business had revenue of $280.20 million during the quarter, compared to analyst estimates of $280.30 million. During the same period in the prior year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. This represents a $0.54 annualized dividend and a yield of 1.66%. Shoe Carnival’s dividend payout ratio is 20.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in Shoe Carnival by 16.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after purchasing an additional 27,404 shares in the last quarter. Sebold Capital Management Inc. increased its stake in shares of Shoe Carnival by 19.3% in the 1st quarter. Sebold Capital Management Inc. now owns 22,573 shares of the company’s stock worth $827,000 after acquiring an additional 3,653 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Shoe Carnival by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,367,806 shares of the company’s stock worth $41,321,000 after acquiring an additional 59,692 shares in the last quarter. Barclays PLC increased its stake in shares of Shoe Carnival by 19.9% in the 4th quarter. Barclays PLC now owns 32,132 shares of the company’s stock worth $971,000 after acquiring an additional 5,328 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of Shoe Carnival in the 4th quarter worth about $233,000. 66.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt cut shares of Shoe Carnival from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 19th. Williams Trading raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, March 22nd.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.