Quest Partners LLC Takes Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Quest Partners LLC bought a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 13,818 shares of the company’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Shoe Carnival during the 2nd quarter valued at approximately $41,000. Everence Capital Management Inc. purchased a new position in Shoe Carnival during the third quarter valued at $224,000. Aigen Investment Management LP bought a new stake in Shoe Carnival in the 3rd quarter valued at $237,000. Summit Global Investments bought a new stake in Shoe Carnival in the 2nd quarter valued at $244,000. Finally, EMC Capital Management boosted its holdings in shares of Shoe Carnival by 11.9% during the 1st quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after purchasing an additional 793 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SCVL. Williams Trading boosted their target price on Shoe Carnival from $42.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. StockNews.com downgraded Shoe Carnival from a “hold” rating to a “sell” rating in a research report on Friday.

Shoe Carnival Trading Up 0.1 %

Shares of NASDAQ:SCVL opened at $33.90 on Friday. The company has a market cap of $921.20 million, a price-to-earnings ratio of 12.02 and a beta of 1.56. Shoe Carnival, Inc. has a 12 month low of $22.75 and a 12 month high of $46.92. The company has a 50-day moving average price of $38.92 and a 200 day moving average price of $38.67.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. The business had revenue of $332.70 million during the quarter, compared to analyst estimates of $331.45 million. Shoe Carnival had a return on equity of 13.26% and a net margin of 6.26%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. As a group, equities analysts forecast that Shoe Carnival, Inc. will post 2.54 EPS for the current year.

Shoe Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.59%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

Shoe Carnival Profile

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.