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Category: Shoe Carnival (SCVL)
Date: 30 June 2021 Stock price of Shoe Carnival (SCVL): $71.23 Market Capital Of Shoe Carnival: $1.01 billion We take a look at the latest business update from Shoe Carnival as well as the announcement from the group in which is stated it will do a 2 to 1 stock split. So basically if you hold 1 share after the split you will hold 2 shares.
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The Board’s approval of this stock split along with the recent dividend increase, further underscores its confidence in Shoe Carnival’s long-term growth trajectory. We are truly excited about the strength of our concept, dedication of our team and unwavering commitment to our customers continuing to position Shoe Carnival as a leader in the family footwear segment - Cliff Sifford, Shoe Carnival’s Vice Chairman and Chief Executive Officer "
More About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of June 21, 2021, the Company operates 377 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL
Shoe Carnival announces 2 to 1 stock split
EVANSVILLE, Ind.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors has authorized a two-for-one stock split of the Company's common stock. The stock split will be effected by the payment of a stock dividend of one share on each share of common stock to shareholders of record at the close of business on Tuesday, July 6, 2021. The dividend shares are scheduled to be distributed on Monday, July 19, 2021. The Company expects the adjusted number of shares outstanding and adjusted per share stock price reported by the Nasdaq Stock Market to be effective Tuesday, July 20, 2021. The recently announced cash dividend of $0.14 per share, which is also payable on July 19, 2021, will be paid on a pre-split basis.
“The Board’s approval of this stock split along with the recent dividend increase, further underscores its confidence in Shoe Carnival’s long-term growth trajectory. We are truly excited about the strength of our concept, dedication of our team and unwavering commitment to our customers continuing to position Shoe Carnival as a leader in the family footwear segment,” commented Cliff Sifford, Shoe Carnival’s Vice Chairman and Chief Executive Officer.
“The Board’s approval of this stock split along with the recent dividend increase, further underscores its confidence in Shoe Carnival’s long-term growth trajectory. We are truly excited about the strength of our concept, dedication of our team and unwavering commitment to our customers continuing to position Shoe Carnival as a leader in the family footwear segment,” commented Cliff Sifford, Shoe Carnival’s Vice Chairman and Chief Executive Officer.
Shoe Carnival Fiscal 2021 guidance
The Company also provided full year net sales and earnings guidance for fiscal 2021. For the full fiscal year 2021, Shoe Carnival anticipates net sales to be in excess of $1.15 billion and diluted net income per share to be in excess of $6.00 pre-stock split, or in excess of $3.00 post-stock split. Net sales are expected to surpass any previous full fiscal year record by over $100 million, and diluted net income per share is expected to more than double the Company’s previous fiscal year record of $2.92 per share (pre-split basis).
“The fundamentals of our business remain robust. We have maintained strong momentum as we move through the second fiscal quarter, and as a result, we have provided an initial outlook for our full fiscal year 2021. We look forward to providing more detail on our second quarter earnings call,” noted Mark Worden, President and Incoming Chief Executive Officer.
“The fundamentals of our business remain robust. We have maintained strong momentum as we move through the second fiscal quarter, and as a result, we have provided an initial outlook for our full fiscal year 2021. We look forward to providing more detail on our second quarter earnings call,” noted Mark Worden, President and Incoming Chief Executive Officer.
Shoe Carnival (SCVL) stock price chart over the last 5 years
The image below shows the stock price history of Shoe Carnival (SCVL) over the last 5 years. And its been a very good time for Shoe Carnival stockholders with the stock increasing sharply by 169.10% over the last 5 years.
The stock of Shoe Carnival is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Shoe Carnival stock is positive at this point in time.
The stock of Shoe Carnival is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Shoe Carnival stock is positive at this point in time.
Shoe Carnival (SCVL) stock price chart over the last 5 years