Millennium Management LLC Has $3.37 Million Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Millennium Management LLC increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 126.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,846 shares of the company's stock after purchasing an additional 56,878 shares during the quarter. Millennium Management LLC owned about 0.37% of Shoe Carnival worth $3,369,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new stake in Shoe Carnival in the 4th quarter valued at about $99,000. SG Americas Securities LLC acquired a new stake in Shoe Carnival in the 4th quarter valued at about $178,000. 1492 Capital Management LLC acquired a new stake in Shoe Carnival in the 4th quarter valued at about $215,000. Price T Rowe Associates Inc. MD lifted its holdings in Shoe Carnival by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock valued at $225,000 after acquiring an additional 987 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in Shoe Carnival in the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Stock Performance

NASDAQ SCVL remained flat at $19.47 on Wednesday. 430,345 shares of the company's stock were exchanged, compared to its average volume of 407,074. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The company has a market capitalization of $532.15 million, a PE ratio of 7.16 and a beta of 1.41. The business has a fifty day moving average price of $18.92 and a 200 day moving average price of $25.27.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business's quarterly revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, April 7th. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. Shoe Carnival's dividend payout ratio is currently 25.10%.

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.