Landscape Capital Management L.L.C. Makes New Investment in Shoe Carnival, Inc. (NASDAQ:SCVL)

Landscape Capital Management L.L.C. bought a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 139,708 shares of the company’s stock, valued at approximately $3,856,000. Landscape Capital Management L.L.C. owned about 0.95% of Shoe Carnival at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCVL. Royce & Associates LP lifted its stake in Shoe Carnival by 32.0% in the first quarter. Royce & Associates LP now owns 639,932 shares of the company’s stock worth $21,777,000 after purchasing an additional 155,068 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Shoe Carnival by 482.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 327,180 shares of the company’s stock valued at $11,133,000 after buying an additional 270,976 shares during the period. Wells Fargo & Company MN increased its holdings in Shoe Carnival by 52.9% during the second quarter. Wells Fargo & Company MN now owns 221,453 shares of the company’s stock valued at $6,113,000 after buying an additional 76,649 shares during the period. Geode Capital Management LLC increased its holdings in Shoe Carnival by 20.7% during the fourth quarter. Geode Capital Management LLC now owns 189,145 shares of the company’s stock valued at $6,337,000 after buying an additional 32,421 shares during the period. Finally, Foundry Partners LLC increased its holdings in Shoe Carnival by 42.1% during the second quarter. Foundry Partners LLC now owns 129,975 shares of the company’s stock valued at $3,587,000 after buying an additional 38,500 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

Shares of SCVL traded down $0.02 during trading hours on Thursday, reaching $23.35. 6,866 shares of the company traded hands, compared to its average volume of 314,552. The company has a market capitalization of $340.97 million, a PE ratio of 9.58 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 2.66 and a debt-to-equity ratio of 0.69. Shoe Carnival, Inc. has a 12-month low of $21.47 and a 12-month high of $45.00. The stock has a fifty day simple moving average of $26.21.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Wednesday, May 22nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.06). The business had revenue of $253.80 million for the quarter, compared to analyst estimates of $259.24 million. Shoe Carnival had a net margin of 3.81% and a return on equity of 12.20%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, analysts anticipate that Shoe Carnival, Inc. will post 2.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, July 5th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.08. Shoe Carnival’s dividend payout ratio is currently 13.88%.

Several equities analysts have issued reports on SCVL shares. Pivotal Research reaffirmed a “buy” rating and issued a $38.00 price target (down from $42.00) on shares of Shoe Carnival in a report on Monday, May 20th. Wedbush reissued an “outperform” rating and set a $47.00 price objective on shares of Shoe Carnival in a report on Thursday, May 23rd. BidaskClub lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Friday, August 2nd. ValuEngine lowered shares of Shoe Carnival from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Shoe Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.50.

Shoe Carnival 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, scarves, and wallets.

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

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