CCL Stock – Have Shoe Carnival, Inc. (NASDAQ:SCVL) Insiders Been Selling Their Stock?
Some Shoe Carnival, Inc. (NASDAQ:SCVL) shareholders may be a little concerned to see that the Vice Chairman & CEO, Clifton Sifford, recently sold a substantial US$2.8m worth of stock at a price of US$70.00 per share. That’s a big disposal, and it decreased their holding size by 24%, which is notable but not too bad.
Check out our latest analysis for Shoe Carnival
The Last 12 Months Of Insider Transactions At Shoe Carnival
Notably, that recent sale by Clifton Sifford is the biggest insider sale of Shoe Carnival shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of US$64.88. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Shoe Carnival insiders didn’t buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Shoe Carnival Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Shoe Carnival insiders own 38% of the company, currently worth about US$347m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Shoe Carnival Insider Transactions Indicate?
Insiders haven’t bought Shoe Carnival stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn’t show any insider buying. On the plus side, Shoe Carnival makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. In terms of investment risks, we’ve identified 1 warning sign with Shoe Carnival and understanding this should be part of your investment process.
Of course Shoe Carnival may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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