Campbell & CO Investment Adviser LLC Purchases Shares of 64,707 Shoe Carnival, Inc. $SCVL

Key Points

• Campbell & CO Investment Adviser LLC acquired 64,707 shares of Shoe Carnival, Inc., valued at approximately $1,423,000, now owning 0.24% of the company's stock.
• In the first quarter, other institutional investors, such as GAMMA Investing LLC and SG Americas Securities LLC, significantly increased their stakes in Shoe Carnival by 404.0% and 309.3%, respectively.
• Shoe Carnival reported a net margin of 5.58% and a quarterly EPS of $0.34, beating estimates, although its revenue decreased 7.6% year-over-year.

Campbell & CO Investment Adviser LLC acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,707 shares of the company's stock, valued at approximately $1,423,000. Campbell & CO Investment Adviser LLC owned 0.24% of Shoe Carnival as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Shoe Carnival by 404.0% in the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after buying an additional 2,012 shares during the last quarter. Barclays PLC lifted its stake in Shoe Carnival by 13.8% during the 4th quarter. Barclays PLC now owns 34,533 shares of the company's stock valued at $1,143,000 after acquiring an additional 4,191 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Shoe Carnival by 309.3% in the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock valued at $484,000 after acquiring an additional 16,645 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Shoe Carnival in the 4th quarter valued at $1,075,000. Finally, Northern Trust Corp increased its stake in shares of Shoe Carnival by 4.7% in the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company's stock worth $16,793,000 after acquiring an additional 22,859 shares during the period. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of Shoe Carnival stock opened at $22.34 on Tuesday. The stock has a market cap of $610.78 million, a PE ratio of 9.35 and a beta of 1.46. The firm has a fifty day moving average price of $20.69 and a 200 day moving average price of $20.51. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The firm's revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. As a group, equities analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, July 7th. Shoe Carnival's dividend payout ratio (DPR) is currently 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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