Allspring Global Investments Holdings LLC Decreases Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 59.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,583 shares of the company's stock after selling 51,957 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Shoe Carnival worth $782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Shoe Carnival by 404.0% during the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after purchasing an additional 2,012 shares during the last quarter. Barclays PLC raised its stake in Shoe Carnival by 13.8% in the 4th quarter. Barclays PLC now owns 34,533 shares of the company's stock worth $1,143,000 after acquiring an additional 4,191 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 acquiring an additional 102,200 shares during the last quarter. SG Americas Securities LLC raised its stake in Shoe Carnival by 309.3% in the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock worth $484,000 after acquiring an additional 16,645 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Shoe Carnival in the 4th quarter worth $1,075,000. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Performance

SCVL stock traded down $0.54 during midday trading on Friday, reaching $21.32. The stock had a trading volume of 381,482 shares, compared to its average volume of 432,893. The stock has a market cap of $582.89 million, a PE ratio of 8.92 and a beta of 1.37. The firm has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $22.50. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results 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 company had revenue of $277.72 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. On average, sell-side analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Monday, July 7th. 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.