Shoe Carnival, Inc. to Issue Quarterly Dividend of $0.08 (SCVL)
Shoe Carnival, Inc. (NASDAQ:SCVL) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.075 per share on Monday, October 16th. This represents a $0.30 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, September 29th.
Shares of Shoe Carnival (SCVL) traded down 1.25% on Thursday, reaching $19.01. The company had a trading volume of 147,686 shares. The company’s 50-day moving average is $17.55 and its 200 day moving average is $21.17. The firm has a market capitalization of $328.06 million, a PE ratio of 16.16 and a beta of 0.93. Shoe Carnival has a 12 month low of $15.08 and a 12 month high of $31.79.
Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Shoe Carnival had a return on equity of 7.37% and a net margin of 2.09%. The company had revenue of $235.10 million during the quarter, compared to the consensus estimate of $232.26 million. During the same quarter last year, the company earned $0.22 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Shoe Carnival will post $1.43 earnings per share for the current year.
Several equities analysts recently commented on SCVL shares. Zacks Investment Research downgraded Shoe Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price (down previously from $21.00) on shares of Shoe Carnival in a research report on Thursday, August 31st. Susquehanna Bancshares Inc raised their target price on Shoe Carnival from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 31st. Wedbush started coverage on Shoe Carnival in a research report on Monday, August 14th. They set an “outperform” rating and a $21.00 target price for the company. Finally, BidaskClub downgraded Shoe Carnival from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Shoe Carnival currently has an average rating of “Hold” and a consensus price target of $21.43.
About Shoe Carnival
Shoe Carnival, Inc is a family footwear retailer. The Company’s primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. It also offers online shopping on its e-commerce site at www.shoecarnival.com.
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