Sei Investments Co. Buys 595 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Sei Investments Co. increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,816 shares of the company’s stock after purchasing an additional 595 shares during the period. Sei Investments Co.’s holdings in Shoe Carnival were worth $1,948,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCVL. Soviero Asset Management LP raised its position in shares of Shoe Carnival by 244.3% during the fourth quarter. Soviero Asset Management LP now owns 241,000 shares of the company’s stock worth $7,281,000 after acquiring an additional 171,000 shares during the last quarter. American Century Companies Inc. lifted its position in Shoe Carnival by 34.7% during the 2nd quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock valued at $15,138,000 after purchasing an additional 105,818 shares during the period. Wasatch Advisors LP lifted its position in Shoe Carnival by 22.2% during the 4th quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock valued at $8,924,000 after purchasing an additional 53,702 shares during the period. Empowered Funds LLC boosted its stake in shares of Shoe Carnival by 40.4% in the 1st quarter. Empowered Funds LLC now owns 114,073 shares of the company’s stock valued at $4,180,000 after purchasing an additional 32,827 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Shoe Carnival by 16.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after buying an additional 27,404 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Trading Up 3.0 %

NASDAQ:SCVL opened at $41.70 on Friday. Shoe Carnival, Inc. has a 1-year low of $21.18 and a 1-year high of $46.92. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.39 and a beta of 1.53. The business’s 50-day moving average price is $41.67 and its two-hundred day moving average price is $38.12.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The business had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.45 million. During the same quarter last year, the firm earned $0.71 EPS. Shoe Carnival’s quarterly revenue was up 12.9% compared to the same quarter last year. Sell-side analysts predict that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, October 7th. Shoe Carnival’s payout ratio is presently 19.93%.

Analyst Ratings Changes

Separately, Williams Trading increased their price objective on shares of Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

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.