Shoe Carnival, Inc. (SCVL) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,878 shares of the company’s stock after selling 5,365 shares during the quarter. Alps Advisors Inc. owned about 0.13% of Shoe Carnival worth $666,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc raised its position in shares of Shoe Carnival by 8.3% during the third quarter. Vanguard Group Inc now owns 692,302 shares of the company’s stock worth $26,653,000 after purchasing an additional 53,058 shares during the period. Vanguard Group Inc. raised its position in shares of Shoe Carnival by 8.3% during the third quarter. Vanguard Group Inc. now owns 692,302 shares of the company’s stock worth $26,653,000 after purchasing an additional 53,058 shares during the period. Acadian Asset Management LLC raised its position in shares of Shoe Carnival by 125.7% during the third quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock worth $15,779,000 after purchasing an additional 228,244 shares during the period. AQR Capital Management LLC raised its position in shares of Shoe Carnival by 163.2% during the third quarter. AQR Capital Management LLC now owns 244,488 shares of the company’s stock worth $9,413,000 after purchasing an additional 151,586 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Shoe Carnival by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 195,908 shares of the company’s stock worth $7,543,000 after purchasing an additional 18,093 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

SCVL has been the topic of a number of recent analyst reports. ValuEngine raised Shoe Carnival from a “hold” rating to a “buy” rating in a research report on Friday, December 28th. BidaskClub lowered Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Pivotal Research reaffirmed a “buy” rating and set a $45.00 target price (down from $47.00) on shares of Shoe Carnival in a research report on Tuesday, January 15th. Zacks Investment Research raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, November 15th. Finally, Wedbush cut their target price on Shoe Carnival from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, November 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Shoe Carnival currently has an average rating of “Buy” and an average target price of $38.83.

In related news, Director Kent A. Kleeberger sold 1,074 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $33.98, for a total transaction of $36,494.52. Following the transaction, the director now directly owns 13,886 shares of the company’s stock, valued at $471,846.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kent A. Kleeberger sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $36.77, for a total value of $55,155.00. Following the transaction, the director now directly owns 14,960 shares in the company, valued at $550,079.20. The disclosure for this sale can be found here. 22.70% of the stock is currently owned by insiders.

NASDAQ:SCVL opened at $36.95 on Thursday. The firm has a market cap of $566.27 million, a P/E ratio of 24.80 and a beta of 0.78. Shoe Carnival, Inc. has a 1-year low of $21.72 and a 1-year high of $45.00.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. The firm had revenue of $269.18 million for the quarter, compared to analyst estimates of $265.40 million. Shoe Carnival had a return on equity of 12.51% and a net margin of 3.17%. Equities analysts predict that Shoe Carnival, Inc. will post 2.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 28th. Investors of record on Monday, January 14th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 11th. Shoe Carnival’s payout ratio is 21.48%.

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Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves, and wallets.

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Institutional Ownership by Quarter for Shoe Carnival (NASDAQ:SCVL)

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