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

Foundry Partners LLC decreased its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 36.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,485 shares of the company's stock after selling 60,505 shares during the quarter. Foundry Partners LLC owned approximately 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 company. NBC Securities Inc. raised its position 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 worth $32,000 after acquiring an additional 1,457 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Shoe Carnival in the first quarter worth about $33,000. GAMMA Investing LLC raised its holdings in Shoe Carnival by 404.0% during the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after purchasing an additional 2,012 shares during the last quarter. CWM LLC raised its holdings in Shoe Carnival by 188.3% during the 1st quarter. CWM LLC now owns 3,883 shares of the company's stock worth $85,000 after purchasing an additional 2,536 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival during the 4th quarter valued at about $99,000. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Trading Down 1.8%

Shares of NASDAQ SCVL opened at $20.22 on Friday. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The firm's 50-day moving average is $19.84 and its 200-day moving average is $22.02. The firm has a market capitalization of $552.81 million, a PE ratio of 8.46 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share 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 business had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. During the same period in the prior year, the business posted $0.64 earnings per share. Shoe Carnival's revenue was down 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.97%. Shoe Carnival's dividend payout ratio (DPR) is presently 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.

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