Shoe Carnival (NASDAQ:SCVL) Trading Down 5.3% – Time to Sell?

Shoe Carnival, Inc. (NASDAQ:SCVL)’s stock price fell 5.3% on Thursday . The stock traded as low as $33.08 and last traded at $33.08. 106,887 shares traded hands during trading, a decline of 57% from the average session volume of 250,552 shares. The stock had previously closed at $34.92.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SCVL shares. Williams Trading increased their price objective 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 upgraded shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Shoe Carnival Stock Down 5.3 %

The company has a quick ratio of 0.89, a current ratio of 3.88 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $898.24 million, a price-to-earnings ratio of 12.84 and a beta of 1.53. The firm has a 50 day moving average of $37.17 and a two-hundred day moving average of $38.63.

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

Shoe Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a dividend of $0.135 per share. The ex-dividend date was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.63%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.85%.

Institutional Investors Weigh In On Shoe Carnival

Several hedge funds have recently modified their holdings of SCVL. Innealta Capital LLC bought a new position in Shoe Carnival in the second quarter valued at about $41,000. Harvest Fund Management Co. Ltd bought a new position in Shoe Carnival in the 3rd quarter valued at approximately $62,000. Quarry LP acquired a new stake in Shoe Carnival during the 3rd quarter worth approximately $66,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Shoe Carnival during the 3rd quarter worth approximately $76,000. Finally, FMR LLC increased its position in Shoe Carnival by 8.7% in the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Company 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.