Royce & Associates LP Has $9.74 Million Stock Holdings in Shoe Carnival, Inc. $SCVL

Posted by George Bondi on May 29th, 2026

Royce & Associates LP increased its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL – Free Report) by 38.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 577,201 shares of the company’s stock after acquiring an additional 160,747 shares during the period. Royce & Associates LP owned about 2.11% of Shoe Carnival worth $9,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Huntington National Bank boosted its position in shares of Shoe Carnival by 164.8% during the 3rd quarter. Huntington National Bank now owns 1,491 shares of the company’s stock worth $31,000 after acquiring an additional 928 shares in the last quarter. Global Retirement Partners LLC bought a new position in Shoe Carnival in the 4th quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its stake in Shoe Carnival by 305.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,029 shares of the company’s stock valued at $42,000 after purchasing an additional 1,528 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Shoe Carnival by 66.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,005 shares of the company’s stock valued at $146,000 after purchasing an additional 2,809 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Shoe Carnival in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Insider Activity

In other Shoe Carnival news, CFO W Kerry Jackson purchased 31,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was purchased at an average price of $16.13 per share, with a total value of $500,030.00. Following the completion of the purchase, the chief financial officer owned 215,529 shares of the company’s stock, valued at approximately $3,476,482.77. The trade was a 16.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 33.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SCVL. Zacks Research raised shares of Shoe Carnival from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research note on Friday, March 27th. Finally, Williams Trading set a $22.00 price objective on shares of Shoe Carnival in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $22.00.

Check Out Our Latest Analysis on SCVL

Shoe Carnival Stock Performance

SCVL stock opened at $17.60 on Friday. The company has a fifty day moving average price of $17.24 and a 200-day moving average price of $18.12. The company has a market capitalization of $483.65 million, a P/E ratio of 13.04 and a beta of 1.44. Shoe Carnival, Inc. has a 52-week low of $14.91 and a 52-week high of $26.57.

Shoe Carnival (NASDAQ:SCVL – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $270.73 million during the quarter, compared to the consensus estimate of $268.73 million. Shoe Carnival had a net margin of 3.31% and a return on equity of 7.24%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Shoe Carnival, Inc. will post 1.5 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, April 6th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.9%. Shoe Carnival’s payout ratio is 50.37%.

Shoe Carnival Profile

(Free Report)

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.