Connor Clark & Lunn Investment Management Ltd. Makes New $800,000 Investment in Shoe Carnival, Inc. $SCVL

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 36,397 shares of the company's stock, valued at approximately $800,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Shoe Carnival at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SCVL. New South Capital Management Inc. boosted its holdings in Shoe Carnival by 189.9% during the 1st quarter. New South Capital Management Inc. now owns 699,824 shares of the company's stock valued at $15,389,000 after acquiring an additional 458,412 shares during the period. Pacer Advisors Inc. purchased a new stake in Shoe Carnival during the 1st quarter valued at about $4,936,000. Copeland Capital Management LLC boosted its holdings in Shoe Carnival by 16.2% during the 1st quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company's stock valued at $30,771,000 after acquiring an additional 194,887 shares during the period. BNP Paribas Financial Markets boosted its holdings in Shoe Carnival by 241.2% during the 4th quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company's stock valued at $6,742,000 after acquiring an additional 144,066 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Shoe Carnival by 219.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company's stock valued at $4,925,000 after acquiring an additional 102,200 shares during the period. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

SCVL stock traded up $0.39 during trading on Thursday, hitting $20.85. 121,739 shares of the company traded hands, compared to its average volume of 483,302. The firm has a market capitalization of $570.04 million, a PE ratio of 8.71 and a beta of 1.46. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The company has a 50-day moving average of $20.56 and a 200-day moving average of $20.68.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, beating 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 company had revenue of $277.72 million during the quarter, compared to analysts' expectations of $285.16 million. During the same period in the prior year, the business posted $0.64 EPS. Shoe Carnival's quarterly revenue was down 7.6% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were issued a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a yield of 2.9%. Shoe Carnival's dividend payout ratio (DPR) is 25.10%.

Shoe Carnival Company 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.