Yahoo Finance One Shoe Carnival Insider Raised Their Stake In The Previous Year
From what we can see, insiders were net buyers in Shoe Carnival, Inc.'s (NASDAQ:SCVL ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Shoe Carnival
Shoe Carnival Insider Transactions Over The Last Year
The Executive Chairman of the Board J. Weaver made the biggest insider purchase in the last 12 months. That single transaction was for US$5.2m worth of shares at a price of US$25.16 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$37.07. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Shoe Carnival is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At Shoe Carnival Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at Shoe Carnival. In total, insiders dumped US$612k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership Of Shoe Carnival
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Shoe Carnival insiders own 35% of the company, currently worth about US$357m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Shoe Carnival Insider Transactions Indicate?
Insiders sold Shoe Carnival shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we're happy to look past recent trading. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Shoe Carnival. Case in point: We've spotted 1 warning sign for Shoe Carnival you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
