21,651 Shares in Shoe Carnival, Inc. (NASDAQ:SCVL) Bought by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC has acquired 21,651 shares of Shoe Carnival, Inc. (NASDAQ:SCVL) valued at approximately $476,000, indicating growing institutional interest in the company.
• Shoe Carnival reported a quarterly EPS of $0.34, exceeding analysts' estimates, while revenue fell 7.6% year-over-year to $277.72 million.
• The company has announced a quarterly dividend of $0.15 per share, which represents an annualized dividend yield of 3.1%.

Koss Olinger Consulting LLC purchased a new position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,651 shares of the company's stock, valued at approximately $476,000. Koss Olinger Consulting LLC owned 0.08% of Shoe Carnival as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in Shoe Carnival by 5.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,284 shares of the company's stock worth $307,000 after acquiring an additional 511 shares during the period. North Star Investment Management Corp. lifted its stake in Shoe Carnival by 1.4% in the first quarter. North Star Investment Management Corp. now owns 55,892 shares of the company's stock worth $1,229,000 after acquiring an additional 750 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Shoe Carnival by 17.0% in 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 in the last quarter. Snowden Capital Advisors LLC raised its holdings in Shoe Carnival by 9.1% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,447 shares of the company's stock worth $445,000 after purchasing an additional 1,123 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Shoe Carnival by 145,700.0% in the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after purchasing an additional 1,457 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Trading Down 4.8%

SCVL opened at $19.57 on Friday. The stock has a fifty day simple moving average of $20.39 and a two-hundred day simple moving average of $21.03. The company has a market cap of $534.97 million, a price-to-earnings ratio of 8.19 and a beta of 1.46. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The business had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Shoe Carnival's dividend payout ratio (DPR) is presently 25.10%.

Shoe Carnival 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.

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