Exchange Traded Concepts LLC Invests $1.05 Million in Shoe Carnival, Inc. (NASDAQ:SCVL)

Exchange Traded Concepts LLC acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,882 shares of the company's stock, valued at approximately $1,053,000. Exchange Traded Concepts LLC owned 0.18% of Shoe Carnival as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Shoe Carnival by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company's stock worth $46,216,000 after buying an additional 8,826 shares in the last quarter. Invesco Ltd. increased its stake in shares of Shoe Carnival by 10.1% during the 4th quarter. Invesco Ltd. now owns 880,047 shares of the company's stock valued at $29,112,000 after acquiring an additional 80,871 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Shoe Carnival by 7.4% during the 4th quarter. American Century Companies Inc. now owns 547,366 shares of the company's stock valued at $18,107,000 after acquiring an additional 37,569 shares during the last quarter. Royce & Associates LP increased its stake in shares of Shoe Carnival by 13.8% during the 4th quarter. Royce & Associates LP now owns 528,092 shares of the company's stock valued at $17,469,000 after acquiring an additional 64,239 shares during the last quarter. Finally, Northern Trust Corp increased its position 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 purchasing an additional 22,859 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

SCVL opened at $19.51 on Friday. The firm has a 50 day moving average price of $18.77 and a 200 day moving average price of $24.18. The company has a market cap of $533.40 million, a PE ratio of 8.16 and a beta of 1.41. 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 issued its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The company had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. During the same quarter last year, the company earned $0.64 earnings per share. Shoe Carnival's revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

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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