In a recent transaction, Andrea R. Guthrie, a director of Shoe Carnival Inc. (NASDAQ:SCVL), sold 2,467 shares of the company's common stock. The sale, completed on April 16, 2024, was executed at a weighted average price of $32.46 per share, resulting in a total sale value of approximately $80,078.
The shares were sold in multiple transactions, with prices ranging from $32.44 to $32.46, as detailed in a footnote of the filing. Following the sale, Guthrie still owns a total of 20,106 shares in Shoe Carnival (NYSE:CCL), indicating a continued investment in the company's future.
Investors often monitor insider transactions as they can provide insights into an executive's perspective on the company's valuation and future prospects. The sale by Guthrie may attract attention from the market, as it represents a notable change in her investment position.
Shoe Carnival Inc. is a leading retailer in the footwear industry, known for its wide range of shoes for all ages. The company's stock performance and insider transactions are closely watched by investors seeking to understand industry trends and individual company movements.
As per SEC regulations, insiders are required to disclose their transactions in company securities, providing transparency for investors and maintaining fair market practices. The recent filing by Guthrie is part of this ongoing disclosure process, ensuring that the market remains informed about significant insider trades.
InvestingPro Insights
Amidst the recent insider transaction at Shoe Carnival Inc. (NASDAQ:SCVL), investors looking for a deeper understanding of the company's financial health can turn to real-time data from InvestingPro. As of the last twelve months ending Q4 2024, Shoe Carnival boasts a market capitalization of $880.71 million and a Price/Earnings (P/E) ratio of 11.92, indicating a potentially attractive valuation compared to industry peers. The company's Price to Book (P/B) ratio stands at 1.51, suggesting that the stock might be reasonably priced relative to the company's net asset value.
Shoe Carnival's revenue for the same period was $1.175 billion, with a Gross Profit Margin of 35.84%, reflecting the company's ability to retain a significant portion of sales after accounting for the cost of goods sold. Despite a decrease in revenue growth by -6.84%, the company has maintained a healthy operating income margin of 8.02%.
Investors considering the stock will also find the InvestingPro Tips particularly informative. Shoe Carnival has a track record of raising its dividend for 10 consecutive years, with a current Dividend Yield of 1.65%. The company's stock price movements have been noted to be quite volatile, which could be of interest to those looking for short-term trading opportunities or long-term investors seeking entry points. With liquid assets surpassing short-term obligations and a moderate level of debt, Shoe Carnival operates with financial stability. Additionally, the company has reported a strong return over the last three months, with a price total return of 28.39%.
For those who want to delve deeper into the company's performance and future prospects, InvestingPro provides additional insights. There are 9 more InvestingPro Tips available at https://www.investing.com/pro/SCVL, which could serve as a valuable resource for investors. To access these tips and comprehensive financial analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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