Invesco Ltd. Sells 49,450 Shares of Shoe Carnival, Inc. $SCVL

Key Points

• Invesco Ltd. has decreased its stake in Shoe Carnival, Inc. by 5.6%, selling 49,450 shares and holding approximately 3.06% of the company, valued at $18.26 million.
• Shoe Carnival reported a quarterly earnings per share (EPS) of $0.34, surpassing analysts' expectations of $0.30, despite a 7.6% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.15 per share with a dividend yield of 2.9%, reflecting a payout ratio of 25.10%.

Invesco Ltd. trimmed its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 830,597 shares of the company's stock after selling 49,450 shares during the period. Invesco Ltd. owned approximately 3.06% of Shoe Carnival worth $18,265,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Koss Olinger Consulting LLC bought a new stake in shares of Shoe Carnival in the 1st quarter valued at approximately $476,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Shoe Carnival in the 1st quarter valued at approximately $800,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Shoe Carnival by 8.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 234,776 shares of the company's stock valued at $5,163,000 after purchasing an additional 19,225 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in shares of Shoe Carnival by 19.9% during the 1st quarter. New Age Alpha Advisors LLC now owns 38,390 shares of the company's stock worth $844,000 after acquiring an additional 6,364 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Shoe Carnival by 1,025.8% during the 1st quarter. US Bancorp DE now owns 4,661 shares of the company's stock worth $103,000 after acquiring an additional 4,247 shares during the last quarter. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $21.01 on Friday. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92. The firm has a market capitalization of $574.41 million, a P/E ratio of 8.79 and a beta of 1.46. The stock has a 50 day moving average price of $20.58 and a 200 day moving average price of $20.65.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%.The firm had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same period last year, the company earned $0.64 EPS. Shoe Carnival's quarterly revenue was down 7.6% compared to the same quarter last year. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. As a group, sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, July 7th. Shoe Carnival's dividend payout ratio (DPR) 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.

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