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

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

Other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC boosted its position in shares of Shoe Carnival by 16.2% during the first quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company's stock valued at $30,771,000 after buying an additional 194,887 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Shoe Carnival by 241.2% in the 4th quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company's stock worth $6,742,000 after acquiring an additional 144,066 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Shoe Carnival by 215.0% in the 4th quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company's stock worth $6,438,000 after acquiring an additional 132,844 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of 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. Finally, Brandywine Global Investment Management LLC purchased a new position in Shoe Carnival during the 4th quarter valued at $2,751,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Down 2.5%

SCVL traded down $0.54 during trading hours on Friday, reaching $21.32. 381,482 shares of the company's stock traded hands, compared to its average volume of 432,189. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92. The firm has a market capitalization of $582.89 million, a PE ratio of 8.92 and a beta of 1.37. The firm has a 50-day moving average price of $19.57 and a 200 day moving average price of $22.58.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The firm 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 posted $0.64 EPS. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. Equities analysts predict that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.60 annualized dividend and a yield of 2.81%. Shoe Carnival's payout ratio 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.