The company is so far trading up by 8.21% at $20.70 and is one of the top gainers in today’s market. So far 209,862 shares have changed hands.
The stock last traded at $20.70 quite a bit higher than the 50 day moving average of $17.66 and just a bit lower than the 200 day moving average of $20.94. The 50 day moving average was up by +17.24% and the 200 day average moved down $-0.24.
Traders are a little more bearish on Shoe Carnival, Inc. of late if you put credence in the increase in short interest. The stock experienced a rise in short interest from August 15, 2017 to August 31, 2017 of 10.67%. Short interest increased 125,862 over that timeframe. The days to cover decreased to 3.0 and the percentage of shorted shares was 0.08% on August 31.
The following firms have recently changed their position in SCVL. As of the end of the quarter Squarepoint Ops LLC had bought a total of 5,866 shares growing its position 56.9%. The value of the investment in (SCVL) went from $253,000 to $338,000 a change of $85,000 quarter over quarter. Allianz Asset Management Gmbh divested its ownership by selling 11,217 shares a decrease of 15.2% in the quarter. Allianz Asset Management Gmbh claims 62,440 shares with a value of $1,305,000. The total value of its holdings decreased 27.9%.
As of quarter end Two Sigma Advisers, Lp had acquired 10,876 shares growing its holdings by 35.4%. The value in dollars increased from $756,000 to $869,000 increasing 14.9% since the last quarter. As of quarter end Tower Research Capital LLC (trc) had acquired 2,832 shares growing its stake by 277.6%. The value of the investment in Shoe Carnival, Inc. went from $28,000 to $80,000 a change of 185.7% for the reporting period.
On September 20 the company was upgraded to “Positive” from “Neutral” by analysts at Susquehanna. On August 15 analysts at Wedbush started covering SCVL by announcing an initial rating of “Outperform”.
Shoe Carnival, Inc. also recently declared a dividend for shareholders that will be paid on Monday the 16th of October 2017. The dividend will be $0.075 per share for the quarter or $0.30 annualized. This dividend represents a yield of $1.55 which is the dividend as a percentage of the current share price. The ex-dividend date is set for Thursday the 29th of June 2017.
The company’s P/E ratio is 17.12 and the market cap of the company is 352.29M. In the last earnings report the EPS was $1.21 and is projected to be $1.43 for the current year with 17,019,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.08 and the next full year EPS is anticipated to be $1.59.
Shoe Carnival, Inc., launched on April 3, 1996, is a family footwear retailer. The Business’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. The Business’s products assortment includes dress and casual shoes, sandals, boots and an assortment of athletic for the entire family in four general categories-women’s, men’s, children’s and athletics..