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Shoe Carnival, Inc. is owned by Allspring Global Investments Holdings LLC for $6.28 million (NASDAQ:SCVL)

Shoe Carnival, Inc. is owned by Allspring Global Investments Holdings LLC for $6.28 million (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC increased its holdings in Shoe Carnival, Inc. (NASDAQ: SCVL) during the third quarter by 11.2%, as stated in the most recent filing that the company made with the Securities and Exchange Commission. During the specified period, the institutional investor purchased 29,419 shares of the company’s stock. This brings the total number of shares the investor owns to 292,881. Allspring Global Investments Holdings LLC, in its most recent filing with the Securities and Exchange Commission, disclosed that the company owned approximately 1.06% of Shoe Carnival for a total value of $6,279,000. Allspring Global Investments Holdings LLC provided this information.

Several additional significant investors have also changed the proportion of the company’s shares they own. Captrust Financial Advisors achieved a 54.3% increase in the percentage of ownership it held in Shoe Carnival during the first three months of the year. The most recent quarter saw Captrust Financial Advisors acquire an additional 802 shares of the company’s stock, bringing their total number of shares owned to 2,278 with a value of $66,000. This brings the total number of shares owned in the company to 2,278. First Horizon Advisors Inc. increased the amount of Shoe Carnival stock owned by 2,011.6 percent during the second quarter of the fiscal year. First Horizon Advisors Inc. now has 3,273 shares after purchasing an additional 3,118 in the most recent quarter. Each share of the company’s stock has a value of $70, making the company’s stock worth a total of $70,000. Point72 Hong Kong Ltd. invested approximately 116 thousand dollars in Shoe Carnival during the first three months of this year and spent those funds to grow their stake in the company. During the first three months of the year, MetLife Investment Management LLC increased the percentage of Shoe Carnival stock owned by 69.4%. As a result of the purchase of 4,256 additional shares during the most recent quarter, the total number of shares that MetLife Investment Management LLC owns in the company has increased to 10,388. This brings the total value of the company’s holdings to $303,000.

Last but not least, during the first three months of this year, Guggenheim Capital LLC increased the amount of Shoe Carnival stock in its portfolio by 11.1%. Guggenheim Capital LLC now directly owns 12,426 shares of the company’s stock, which have a value of $362,000; institutional investors and hedge funds are the current owners of 65.33 percent of the company’s stock. Following the purchase of an additional 1,237 shares of the company’s stock during the most recent fiscal quarter, Guggenheim Capital LLC now directly owns the company’s stock.

On Wednesday, October 12, StockNews.com began covering Shoe Carnival’s share price. This is a separate development from what was previously mentioned. They recommended that shareholders “hold” their shares of the company.

When trading started on Monday, the price of a share of SCVL stock on the NASDAQ was $25.73 per share. The company presently has a P/E ratio of 6.61, a beta value of 1.33, and a market capitalization currently at $698.98 million. The company currently has a simple moving average of $24.41 over the past 50 days, and it is currently at $23.46 over the past 200 days. Shoe Carnival, Inc. hit an all-time low of $19.42 during the prior year, while the company reached an all-time high of $37.47 during the same period.

On November 16, the most recent quarterly earnings report for Shoe Carnival, traded on the NASDAQ under the symbol SCVL, was made public. It was widely anticipated that the company would report earnings per share for the quarter of $1.18, and the company did report that amount. The revenue for the quarter came in at $341.66 million, which is lower than the prediction that was made, which was an average of $343.64 million. Shoe Carnival’s financial analysis results are as follows: a return on equity of 23.67% and a net margin of 8.49%. According to the consensus of market researchers, Shoe Carnival, Inc. will finish the current fiscal year with $3.95 per share earnings.

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