Petrus Trust Company LTA Buys 21,737 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Petrus Trust Company LTA lifted its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 134.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,926 shares of the company’s stock after acquiring an additional 21,737 shares during the quarter. Shoe Carnival makes up approximately 0.2% of Petrus Trust Company LTA’s holdings, making the stock its 21st biggest holding. Petrus Trust Company LTA owned about 0.14% of Shoe Carnival worth $1,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Shoe Carnival in the second quarter worth about $41,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Shoe Carnival in the 3rd quarter worth approximately $62,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Shoe Carnival during the third quarter valued at approximately $76,000. FMR LLC increased its holdings in Shoe Carnival by 8.7% during the third quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Shoe Carnival in the third quarter worth approximately $224,000. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Down 2.0 %

Shares of SCVL opened at $34.88 on Wednesday. The company has a market capitalization of $947.69 million, a price-to-earnings ratio of 12.82 and a beta of 1.53. Shoe Carnival, Inc. has a 52 week low of $24.74 and a 52 week high of $46.92. The stock’s 50-day moving average price is $37.36 and its 200-day moving average price is $38.66. The company has a quick ratio of 0.89, a current ratio of 3.88 and a debt-to-equity ratio of 0.50.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $306.90 million during 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 company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, sell-side analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, October 7th. This represents a $0.54 annualized dividend and a yield of 1.55%. Shoe Carnival’s dividend payout ratio (DPR) is currently 19.85%.

Analysts Set New Price Targets

Several research firms have recently commented on SCVL. Williams Trading boosted their price target 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 report on Saturday.

Shoe Carnival 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.