Foundry Partners LLC Buys 940 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Foundry Partners LLC grew its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,735 shares of the company’s stock after purchasing an additional 940 shares during the quarter. Foundry Partners LLC owned approximately 0.55% of Shoe Carnival worth $6,566,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Innealta Capital LLC bought a new position in Shoe Carnival during the 2nd quarter worth $41,000. Everence Capital Management Inc. acquired a new position in Shoe Carnival in the third quarter valued at about $224,000. Aigen Investment Management LP bought a new stake in Shoe Carnival during the third quarter worth about $237,000. Summit Global Investments bought a new stake in shares of Shoe Carnival during the 2nd quarter worth approximately $244,000. Finally, EMC Capital Management lifted its stake in Shoe Carnival by 11.9% during the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock worth $274,000 after purchasing an additional 793 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Analyst Ratings Changes

Separately, Williams Trading increased their price objective on shares of 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 Stock Performance

Shares of NASDAQ:SCVL opened at $33.48 on Thursday. The firm’s fifty day moving average is $39.03 and its 200-day moving average is $38.70. Shoe Carnival, Inc. has a 52 week low of $22.75 and a 52 week high of $46.92. The firm has a market cap of $909.65 million, a PE ratio of 11.87 and a beta of 1.56.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $332.70 million during the quarter, compared to analysts’ expectations of $331.45 million. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. Shoe Carnival’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Sell-side analysts forecast that Shoe Carnival, Inc. will post 2.54 EPS for the current year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, October 7th. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.15%.

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.