Cubist Systematic Strategies LLC Has $5.24 Million Stock Holdings in Shoe Carnival, Inc. $SCVL

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Shoe Carnival, Inc. by 418.6% in the first quarter, owning 238,480 shares valued at approximately $5.24 million by the end of the quarter.
• Several institutional investors have also raised their stakes in Shoe Carnival, with notable increases from Hsbc Holdings PLC (76.7%) and Schonfeld Strategic Advisors LLC (148.3%) during the fourth quarter.
• Shoe Carnival recently announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend of $0.60 and a yield of 2.8%.

Cubist Systematic Strategies LLC boosted its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 418.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,480 shares of the company's stock after acquiring an additional 192,494 shares during the quarter. Cubist Systematic Strategies LLC owned 0.88% of Shoe Carnival worth $5,244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCVL. Hsbc Holdings PLC grew its holdings in Shoe Carnival by 76.7% during the 4th quarter. Hsbc Holdings PLC now owns 12,132 shares of the company's stock worth $412,000 after acquiring an additional 5,267 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Shoe Carnival by 17.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock worth $225,000 after acquiring an additional 987 shares during the last quarter. Voya Investment Management LLC grew its holdings in Shoe Carnival by 66.6% during the 4th quarter. Voya Investment Management LLC now owns 10,296 shares of the company's stock worth $341,000 after acquiring an additional 4,116 shares during the last quarter. Northern Trust Corp grew its holdings in Shoe Carnival by 4.7% during the 4th 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 last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Shoe Carnival by 148.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 14,900 shares of the company's stock worth $493,000 after acquiring an additional 8,900 shares during the last quarter. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

NASDAQ:SCVL opened at $21.53 on Thursday. The firm's fifty day moving average is $20.97 and its 200-day moving average is $20.39. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The firm has a market cap of $588.63 million, a P/E ratio of 9.01 and a beta of 1.35.

Shoe Carnival Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, July 7th. Shoe Carnival's payout ratio is presently 25.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Seaport Res Ptn lowered shares of Shoe Carnival from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Wall Street Zen lowered shares of Shoe Carnival from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, Zacks Research lowered shares of Shoe Carnival from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce".

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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