KBC Group NV Has $584,000 Stake in Shoe Carnival, Inc. (SCVL)

KBC Group NV raised its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 40.2% during the first quarter, Holdings Channel reports. The institutional investor owned 23,762 shares of the company’s stock after buying an additional 6,809 shares during the period. KBC Group NV’s holdings in Shoe Carnival were worth $584,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCVL. JPMorgan Chase & Co. increased its stake in Shoe Carnival by 482.3% in the first quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $186,000 after buying an additional 6,260 shares in the last quarter. Alambic Investment Management L.P. increased its stake in Shoe Carnival by 7.5% in the first quarter. Alambic Investment Management L.P. now owns 57,281 shares of the company’s stock worth $1,407,000 after buying an additional 4,000 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Shoe Carnival by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,544 shares of the company’s stock worth $333,000 after buying an additional 2,044 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Shoe Carnival by 5.6% in the first quarter. Parametric Portfolio Associates LLC now owns 65,717 shares of the company’s stock worth $1,615,000 after buying an additional 3,463 shares in the last quarter. Finally, TFS Capital LLC purchased a new stake in Shoe Carnival during the first quarter worth $772,000. 65.05% of the stock is owned by institutional investors and hedge funds.

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

Shoe Carnival, Inc. (SCVL) opened at 19.74 on Tuesday. The company has a 50 day moving average price of $21.13 and a 200-day moving average price of $24.73. Shoe Carnival, Inc. has a 12 month low of $17.56 and a 12 month high of $31.79. The company has a market cap of $340.65 million, a PE ratio of 16.79 and a beta of 0.97.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $253.40 million for the quarter, compared to analysts’ expectations of $251.74 million. Shoe Carnival had a return on equity of 7.27% and a net margin of 2.12%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. Equities analysts predict that Shoe Carnival, Inc. will post $1.41 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Johnson Rice downgraded Shoe Carnival from a “buy” rating to an “accumulate” rating in a report on Friday, March 24th. Jefferies Group LLC set a $26.00 target price on Shoe Carnival and gave the stock a “hold” rating in a report on Friday, March 17th. B. Riley assumed coverage on Shoe Carnival in a report on Tuesday, March 14th. They set a “neutral” rating and a $26.00 target price for the company. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $24.00 target price on shares of Shoe Carnival in a report on Monday, March 27th. Finally, TheStreet downgraded Shoe Carnival from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SCVL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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