Cubist Systematic Strategies LLC Increases Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Cubist Systematic Strategies LLC increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 190.6% in the fourth quarter, according to the company in 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 period. Cubist Systematic Strategies LLC owned about 0.17% of Shoe Carnival worth $1,521,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its stake in Shoe Carnival by 189.7% in the 3rd quarter. Barclays PLC now owns 30,342 shares of the company's stock worth $1,330,000 after purchasing an additional 19,868 shares during the period. Franklin Resources Inc. purchased a new stake in Shoe Carnival during the 3rd quarter valued at $530,000. SG Americas Securities LLC bought a new stake in Shoe Carnival in the 4th quarter worth $178,000. Sonora Investment Management Group LLC increased its position in shares of Shoe Carnival by 35.6% in the fourth quarter. Sonora Investment Management Group LLC now owns 49,956 shares of the company's stock valued at $1,653,000 after acquiring an additional 13,115 shares during the period. Finally, Copeland Capital Management LLC increased its position in shares of Shoe Carnival by 2.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,204,443 shares of the company's stock valued at $39,843,000 after acquiring an additional 29,280 shares during the period. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Up 1.9%

Shares of Shoe Carnival stock traded up $0.38 during trading on Friday, reaching $20.26. 394,479 shares of the stock were exchanged, compared to its average volume of 391,863. The firm has a market cap of $550.57 million, a price-to-earnings ratio of 7.45 and a beta of 1.41. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The stock's fifty day moving average is $19.68 and its 200 day moving average is $26.91.

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

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. Shoe Carnival's payout ratio is presently 22.39%.

About Shoe Carnival

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.