Exchange Traded Concepts LLC Takes Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Exchange Traded Concepts LLC purchased a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,882 shares of the company's stock, valued at approximately $1,053,000. Exchange Traded Concepts LLC owned about 0.18% of Shoe Carnival as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its position in Shoe Carnival by 145,700.0% during the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock valued at $32,000 after purchasing an additional 1,457 shares during the period. Versant Capital Management Inc bought a new position in Shoe Carnival during the first quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after purchasing an additional 2,012 shares during the period. KLP Kapitalforvaltning AS bought a new position in Shoe Carnival during the fourth quarter valued at approximately $99,000. Finally, 1492 Capital Management LLC bought a new position in Shoe Carnival during the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Down 3.4%

SCVL traded down $0.67 during trading on Monday, hitting $18.79. The company's stock had a trading volume of 454,587 shares, compared to its average volume of 419,478. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92. The firm has a market cap of $513.72 million, a PE ratio of 7.86 and a beta of 1.41. The business's 50 day simple moving average is $18.79 and its 200-day simple moving average is $23.83.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, topping 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 business had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. During the same period last year, the firm earned $0.64 earnings per share. The company's quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

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.