Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) declared a quarterly dividend on Tuesday, June 25th, Zacks reports. Shareholders of record on Monday, July 8th will be paid a dividend of 0.135 per share on Monday, July 22nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, July 8th.
Shoe Carnival has raised its dividend payment by an average of 32.8% per year over the last three years and has raised its dividend every year for the last 13 years. Shoe Carnival has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Shoe Carnival to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 18.1%.
Shoe Carnival Stock Performance
Shares of NASDAQ SCVL traded down $0.32 during midday trading on Thursday, reaching $36.83. 157,543 shares of the company traded hands, compared to its average volume of 198,112. The stock's 50-day simple moving average is $35.97 and its 200-day simple moving average is $32.25. Shoe Carnival has a 12 month low of $19.87 and a 12 month high of $39.65. The firm has a market cap of $1.00 billion, a PE ratio of 13.59 and a beta of 1.49.
Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Shoe Carnival had a return on equity of 13.02% and a net margin of 6.20%. The business had revenue of $300.37 million during the quarter, compared to analysts' expectations of $292.38 million. On average, equities research analysts expect that Shoe Carnival will post 2.65 EPS for the current year.
Insider Buying and Selling
In related news, Director Andrea R. Guthrie sold 2,467 shares of Shoe Carnival stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the sale, the director now directly owns 20,106 shares in the company, valued at $652,640.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 34.70% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Williams Trading raised Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Friday, March 22nd. Monness Crespi & Hardt cut Shoe Carnival from a "buy" rating to a "neutral" rating in a report on Tuesday, March 19th.
Read Our Latest Research Report on Shoe Carnival
Shoe Carnival Company Profile
(Get Free Report)
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.
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