Shoe Carnival, Inc. (NASDAQ: SCVL) has recently seen a shift in investment analysts’ ratings and price targets, alongside the announcement of a quarterly dividend. On October 20, 2023, the company distributed a dividend of $0.15 per share to stockholders, which represents an annualized total of $0.60 and a dividend yield of 3.6%. The ex-dividend date was October 6, 2023, and the company’s dividend payout ratio stands at 28.57%.
In related developments, Director Andrea R. Guthrie sold 2,477 shares of Shoe Carnival stock on October 15, 2023. The shares were sold at an average price of $20.20, resulting in a total transaction value of $50,035.40. Following this sale, Guthrie holds 24,405 shares of the company, valued at approximately $492,981. This sale marks a 9.21% decrease in Guthrie’s ownership of Shoe Carnival stock. The transaction has been officially reported to the SEC, as required by regulations.
Insider trading activity indicates that 35.50% of Shoe Carnival’s stock is owned by insiders, which could reflect confidence in the company’s future.
Shoe Carnival operates as a family footwear retailer in the United States, offering a wide variety of products, including dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children. The company also sells various accessories related to footwear. Their products are available through physical stores and online at shoecarnival.com, as well as through a mobile application.
As analysts continue to evaluate Shoe Carnival’s performance, updates on ratings and price targets will provide valuable insights for investors. The recent dividend announcement and insider trading activities may influence market perceptions and stock performance moving forward.
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