Shoe Carnival, Inc. (SCVL) Stake Lowered by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,539 shares of the company’s stock after selling 1,459 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Shoe Carnival were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in Shoe Carnival by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,648,258 shares of the company’s stock valued at $53,485,000 after purchasing an additional 112,623 shares during the period. LSV Asset Management grew its position in Shoe Carnival by 4.5% in the 2nd quarter. LSV Asset Management now owns 891,979 shares of the company’s stock valued at $28,944,000 after purchasing an additional 38,784 shares during the period. Acadian Asset Management LLC grew its position in Shoe Carnival by 125.7% in the 3rd quarter. Acadian Asset Management LLC now owns 409,843 shares of the company’s stock valued at $15,779,000 after purchasing an additional 228,244 shares during the period. WINTON GROUP Ltd grew its position in Shoe Carnival by 44.8% in the 2nd quarter. WINTON GROUP Ltd now owns 264,733 shares of the company’s stock valued at $8,591,000 after purchasing an additional 81,915 shares during the period. Finally, Citadel Advisors LLC grew its position in Shoe Carnival by 110.9% in the 2nd quarter. Citadel Advisors LLC now owns 256,079 shares of the company’s stock valued at $8,310,000 after purchasing an additional 134,651 shares during the period. 78.30% of the stock is owned by institutional investors.

NASDAQ SCVL opened at $35.28 on Friday. Shoe Carnival, Inc. has a 12-month low of $21.01 and a 12-month high of $45.00. The firm has a market capitalization of $591.76 million, a P/E ratio of 14.95 and a beta of 0.79.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.15. Shoe Carnival had a net margin of 3.17% and a return on equity of 12.51%. The business had revenue of $269.18 million during the quarter, compared to the consensus estimate of $265.40 million. Equities analysts forecast that Shoe Carnival, Inc. will post 2.38 earnings per share for the current year.

In other Shoe Carnival news, Director Kent A. Kleeberger sold 2,172 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $44.11, for a total transaction of $95,806.92. Following the transaction, the director now directly owns 16,460 shares in the company, valued at approximately $726,050.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kent A. Kleeberger sold 1,500 shares of the firm’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 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 company insiders.

Several analysts recently issued reports on SCVL shares. Pivotal Research downgraded shares of Shoe Carnival from a “buy” rating to a “hold” rating and lifted their price target for the company from $43.00 to $45.00 in a research report on Tuesday, September 4th. Wedbush lifted their price target on shares of Shoe Carnival from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised shares of Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Saturday, August 25th. Finally, BidaskClub raised shares of Shoe Carnival from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 30th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Shoe Carnival has a consensus rating of “Buy” and an average price target of $38.60.

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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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Want to see what other hedge funds are holding SCVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoe Carnival, Inc. (NASDAQ:SCVL).

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

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