Shoe Carnival, Inc. (NASDAQ:SCVL) Proclaims Quarterly Dividend of $0.09

Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating) introduced a quarterly dividend on Friday, September twenty third, Zacks experiences. Buyers of report on Tuesday, October 4th shall be given a dividend of 0.09 per share on Tuesday, October 18th. This represents a $0.36 dividend on an annualized foundation and a yield of 1.73%. The ex-dividend date of this dividend is Monday, October third.

Shoe Carnival has raised its dividend by a mean of 21.1% yearly during the last three years and has elevated its dividend yearly for the final 8 consecutive years. Shoe Carnival has a payout ratio of 8.2% that means its dividend is sufficiently lined by earnings. Equities analysis analysts anticipate Shoe Carnival to earn $4.29 per share subsequent 12 months, which suggests the corporate ought to proceed to have the ability to cowl its $0.36 annual dividend with an anticipated future payout ratio of 8.4%.

Shoe Carnival Worth Efficiency

NASDAQ:SCVL opened at $20.86 on Friday. The enterprise has a 50 day transferring common of $23.45 and a 200 day transferring common of $26.51. The corporate has a market capitalization of $575.94 million, a price-to-earnings ratio of 4.80 and a beta of 1.36. Shoe Carnival has a 1-year low of $20.03 and a 1-year excessive of $46.21.

Shoe Carnival (NASDAQ:SCVL – Get Rating) final introduced its quarterly earnings information on Thursday, August twenty fifth. The corporate reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. Shoe Carnival had a return on fairness of 27.73% and a web margin of 9.48%. Throughout the identical interval within the prior 12 months, the corporate earned $1.54 earnings per share. As a bunch, sell-side analysts anticipate that Shoe Carnival will put up 3.86 EPS for the present 12 months.

Analyst Upgrades and Downgrades

Individually, StockNews.com downgraded Shoe Carnival from a “purchase” score to a “maintain” score in a analysis report on Saturday, August twenty seventh.

Insider Transactions at Shoe Carnival

In different information, Director Andrea R. Guthrie bought 1,665 shares of the inventory in a transaction on Tuesday, August thirtieth. The inventory was bought at a mean value of $24.04, for a complete worth of $40,026.60. Following the sale, the director now instantly owns 26,398 shares of the corporate’s inventory, valued at $634,607.92. The transaction was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Insiders personal 32.60% of the corporate’s inventory.

Institutional Inflows and Outflows

A lot of hedge funds and different institutional traders have not too long ago modified their holdings of SCVL. Millennium Administration LLC lifted its holdings in shares of Shoe Carnival by 796.8% through the second quarter. Millennium Administration LLC now owns 179,553 shares of the corporate’s inventory valued at $3,880,000 after buying a further 159,531 shares within the final quarter. Renaissance Applied sciences LLC lifted its holdings in Shoe Carnival by 277.1% within the second quarter. Renaissance Applied sciences LLC now owns 186,968 shares of the corporate’s inventory valued at $4,040,000 after buying a further 137,393 shares through the interval. Lazard Asset Administration LLC lifted its holdings in Shoe Carnival by 131,468.2% within the first quarter. Lazard Asset Administration LLC now owns 115,780 shares of the corporate’s inventory valued at $3,376,000 after buying a further 115,692 shares through the interval. JPMorgan Chase & Co. lifted its holdings in Shoe Carnival by 105.8% within the second quarter. JPMorgan Chase & Co. now owns 206,027 shares of the corporate’s inventory valued at $4,452,000 after buying a further 105,894 shares through the interval. Lastly, Vanguard Group Inc. lifted its holdings in Shoe Carnival by 6.9% within the first quarter. Vanguard Group Inc. now owns 1,527,571 shares of the corporate’s inventory valued at $44,545,000 after buying a further 97,942 shares through the interval. 64.04% of the inventory is owned by institutional traders.

About Shoe Carnival

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

Additional Studying

This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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