Thrivent Financial for Lutherans Has $608,000 Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Thrivent Financial for Lutherans decreased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,862 shares of the company’s stock after selling 1,004 shares during the period. Thrivent Financial for Lutherans’ holdings in Shoe Carnival were worth $608,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Shoe Carnival in the 2nd quarter valued at approximately $41,000. Everence Capital Management Inc. acquired a new position in Shoe Carnival in the 3rd quarter valued at approximately $224,000. Aigen Investment Management LP acquired a new position in Shoe Carnival in the 3rd quarter valued at approximately $237,000. Summit Global Investments acquired a new position in Shoe Carnival in the 2nd quarter valued at approximately $244,000. Finally, Creative Planning acquired a new position in Shoe Carnival in the 2nd quarter valued at approximately $281,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Williams Trading upped their price objective on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.

Shoe Carnival Trading Up 0.1 %

SCVL stock opened at $34.92 on Thursday. Shoe Carnival, Inc. has a 1-year low of $24.74 and a 1-year high of $46.92. The firm has a market cap of $948.92 million, a P/E ratio of 12.84 and a beta of 1.53. The business’s 50 day moving average is $37.17 and its 200-day moving average is $38.63. The company has a current ratio of 3.88, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $306.90 million for the quarter, compared to analyst estimates of $316.97 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. Shoe Carnival’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. Equities analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.135 per share. The ex-dividend date was Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a yield of 1.55%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.85%.

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.