Cubist Systematic Strategies LLC Acquires 30,163 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Cubist Systematic Strategies LLC grew its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 190.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,986 shares of the company's stock after acquiring an additional 30,163 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.17% of Shoe Carnival worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival during the 4th quarter worth $99,000. SG Americas Securities LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter valued at $178,000. 1492 Capital Management LLC acquired a new stake in shares of Shoe Carnival during the fourth quarter worth $215,000. Price T Rowe Associates Inc. MD raised its position in shares of Shoe Carnival by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock worth $225,000 after purchasing an additional 987 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Shoe Carnival during the fourth quarter worth $233,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

NASDAQ:SCVL traded up $0.38 during trading hours on Friday, hitting $20.26. 394,479 shares of the company's stock traded hands, compared to its average volume of 393,824. The firm has a market cap of $553.75 million, a P/E ratio of 7.45 and a beta of 1.41. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92. The stock's fifty day moving average price is $19.64 and its two-hundred day moving average price is $26.69.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $262.90 million during the quarter, compared to analysts' expectations of $277.89 million. During the same period in the prior year, the firm posted $0.59 EPS. Shoe Carnival's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.96%. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. Shoe Carnival's dividend payout ratio (DPR) is presently 22.39%.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.