Foundry Partners LLC Has $2.28 Million Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Foundry Partners LLC trimmed its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 36.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,485 shares of the company's stock after selling 60,505 shares during the quarter. Foundry Partners LLC owned about 0.38% of Shoe Carnival worth $2,276,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. NBC Securities Inc. grew its holdings in shares of 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 buying an additional 1,457 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Shoe Carnival during the 1st quarter valued at $33,000. GAMMA Investing LLC lifted its holdings in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after acquiring an additional 2,012 shares in the last quarter. CWM LLC raised its stake in shares of Shoe Carnival by 188.3% in the 1st quarter. CWM LLC now owns 3,883 shares of the company's stock valued at $85,000 after purchasing an additional 2,536 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Shoe Carnival during the fourth quarter worth about $99,000. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of SCVL stock traded up $1.02 on Wednesday, reaching $23.28. 159,128 shares of the company were exchanged, compared to its average volume of 435,616. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92. The company has a market cap of $636.50 million, a price-to-earnings ratio of 9.71 and a beta of 1.37. The company has a 50-day moving average of $19.93 and a 200-day moving average of $21.87.

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

Shoe Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, July 7th. Shoe Carnival's payout ratio 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.