Envestnet Asset Administration Inc. Acquires 2,836 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Envestnet Asset Administration Inc. lifted its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating) by 2.2% within the first quarter, based on its most up-to-date disclosure with the Securities & Change Fee. The fund owned 129,242 shares of the corporate’s inventory after shopping for an extra 2,836 shares in the course of the quarter. Envestnet Asset Administration Inc. owned about 0.46% of Shoe Carnival price $3,769,000 on the finish of the newest quarter.

Quite a few different institutional buyers have additionally made adjustments to their positions in SCVL. Marshall Wace LLP raised its holdings in Shoe Carnival by 169.9% in the course of the 4th quarter. Marshall Wace LLP now owns 329,628 shares of the corporate’s inventory price $12,883,000 after buying an extra 207,498 shares over the past quarter. Pacer Advisors Inc. raised its holdings in Shoe Carnival by 65.9% in the course of the 1st quarter. Pacer Advisors Inc. now owns 265,033 shares of the corporate’s inventory price $7,728,000 after buying an extra 105,282 shares over the past quarter. ARGI Funding Providers LLC purchased a brand new stake in Shoe Carnival in the course of the 1st quarter price about $2,071,000. Quantedge Capital Pte Ltd purchased a brand new stake in Shoe Carnival in the course of the 4th quarter price about $2,149,000. Lastly, Potomac Capital Administration Inc. purchased a brand new stake in Shoe Carnival in the course of the 4th quarter price about $1,368,000. 64.18% of the inventory is owned by institutional buyers.

Shoe Carnival Worth Efficiency

Shares of SCVL stock opened at $26.30 on Friday. The inventory has a market cap of $725.62 million, a PE ratio of 5.42 and a beta of 1.41. The inventory has a 50-day shifting common of $23.47 and a 200-day shifting common of $28.03. Shoe Carnival, Inc. has a one yr low of $20.03 and a one yr excessive of $46.21.

Shoe Carnival (NASDAQ:SCVL – Get Rating) final introduced its quarterly earnings outcomes on Wednesday, Could 18th. The corporate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Shoe Carnival had a return on fairness of 32.77% and a web margin of 10.50%. The corporate had income of $317.53 million in the course of the quarter, in comparison with analysts’ expectations of $329.60 million. Throughout the identical interval within the prior yr, the enterprise posted $1.51 EPS. As a gaggle, analysis analysts anticipate that Shoe Carnival, Inc. will put up 3.95 earnings per share for the present yr.

Shoe Carnival Broadcasts Dividend

The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, July twenty fifth. Buyers of report on Monday, July eleventh got a $0.09 dividend. The ex-dividend date of this dividend was Friday, July eighth. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. Shoe Carnival’s dividend payout ratio is presently 7.42%.

Wall Avenue Analysts Forecast Development

A number of brokerages have weighed in on SCVL. StockNews.com lower Shoe Carnival from a “purchase” score to a “maintain” score in a report on Monday, July twenty fifth. Monness Crespi & Hardt lowered their value goal on Shoe Carnival to $40.00 and set a “sector weight” score for the corporate in a analysis be aware on Thursday, Could nineteenth.

Shoe Carnival Firm Profile

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Shoe Carnival, Inc, along with its subsidiaries, operates as a household footwear retailer in america. The corporate affords vary of gown, informal, work, and athletic sneakers, in addition to sandals and boots for males, ladies, and kids; and numerous equipment. As of January 29, 2022, it operated 372 shops in 35 states and Puerto Rico underneath the Shoe Carnival banner; and 21 areas throughout the Southeast underneath the Shoe Station banner.

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