Envestnet Asset Management Inc. Buys 13,838 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Key Points

• Envestnet Asset Management Inc. increased its stake in Shoe Carnival by 7.1%, owning 209,620 shares worth approximately $4.61 million.
• Shoe Carnival reported a net margin of 5.58% and quarterly earnings of $0.34 per share, exceeding estimates amidst a 7.6% revenue decline year-over-year.
• The company recently paid a quarterly dividend of $0.15 per share, reflecting an annualized yield of 2.69% and a payout ratio of 25.10%.

Envestnet Asset Management Inc. boosted its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,620 shares of the company's stock after purchasing an additional 13,838 shares during the period. Envestnet Asset Management Inc. owned about 0.77% of Shoe Carnival worth $4,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Shoe Carnival by 2.6% in the first quarter. Principal Financial Group Inc. now owns 97,677 shares of the company's stock valued at $2,148,000 after acquiring an additional 2,496 shares in the last quarter. Sebold Capital Management Inc. lifted its position in shares of Shoe Carnival by 11.2% in the first quarter. Sebold Capital Management Inc. now owns 21,576 shares of the company's stock valued at $474,000 after acquiring an additional 2,172 shares in the last quarter. New South Capital Management Inc. lifted its position in shares of Shoe Carnival by 189.9% in the first 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 in the last quarter. Copeland Capital Management LLC lifted its position in shares of Shoe Carnival by 16.2% in the first 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 in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Shoe Carnival by 20.5% in the first quarter. Bessemer Group Inc. now owns 12,325 shares of the company's stock valued at $271,000 after acquiring an additional 2,098 shares in the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of Shoe Carnival stock traded down $0.22 during trading hours on Tuesday, hitting $22.17. The company's stock had a trading volume of 24,929 shares, compared to its average volume of 500,796. The company has a market cap of $606.24 million, a PE ratio of 9.27 and a beta of 1.37. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92. The business has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $21.58.

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

Shoe Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.71%. Shoe Carnival's dividend payout ratio is currently 25.10%.

About Shoe Carnival

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.