Allspring Global Investments Holdings LLC Has $782,000 Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 59.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,583 shares of the company's stock after selling 51,957 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.13% of Shoe Carnival worth $782,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Shoe Carnival during the fourth quarter worth approximately $1,075,000. First Eagle Investment Management LLC grew its stake in Shoe Carnival by 25.1% in the 4th quarter. First Eagle Investment Management LLC now owns 255,973 shares of the company's stock valued at $8,468,000 after buying an additional 51,429 shares during the last quarter. Royce & Associates LP raised its holdings in Shoe Carnival by 13.8% in the 4th quarter. Royce & Associates LP now owns 528,092 shares of the company's stock worth $17,469,000 after acquiring an additional 64,239 shares during the period. Semanteon Capital Management LP acquired a new position in Shoe Carnival during the 4th quarter worth $1,342,000. Finally, Quantbot Technologies LP boosted its holdings in Shoe Carnival by 15,974.5% during the fourth quarter. Quantbot Technologies LP now owns 52,403 shares of the company's stock valued at $1,733,000 after acquiring an additional 52,077 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $20.82 on Thursday. The stock has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $22.76. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92. The stock has a market capitalization of $569.22 million, a PE ratio of 8.71 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The company had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Monday, July 7th. Shoe Carnival's payout ratio is presently 25.10%.

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.

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