Dimensional Fund Advisors LP Sells 68,941 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Dimensional Fund Advisors LP lessened its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,958,740 shares of the company's stock after selling 68,941 shares during the period. Dimensional Fund Advisors LP owned about 7.21% of Shoe Carnival worth $64,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company's stock valued at $1,330,000 after buying an additional 19,868 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Shoe Carnival by 219.0% in the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company's stock worth $4,925,000 after purchasing an additional 102,200 shares during the period. Hodges Capital Management Inc. raised its holdings in Shoe Carnival by 20.0% in the 4th quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock worth $19,236,000 after purchasing an additional 96,753 shares during the period. Principal Financial Group Inc. lifted its position in Shoe Carnival by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 95,181 shares of the company's stock valued at $3,149,000 after purchasing an additional 3,452 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Shoe Carnival by 51.7% during the fourth quarter. New York State Common Retirement Fund now owns 34,622 shares of the company's stock valued at $1,145,000 after purchasing an additional 11,800 shares during the period. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.61 during trading on Wednesday, hitting $17.82. The company had a trading volume of 367,818 shares, compared to its average volume of 385,432. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The firm has a market capitalization of $484.26 million, a P/E ratio of 6.55 and a beta of 1.41. The stock has a 50 day simple moving average of $20.04 and a 200 day simple moving average of $27.61.

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

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 3.37%. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's dividend payout ratio is currently 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.