Millennium Management LLC Boosts Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

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

Several other large investors also recently modified their holdings of SCVL. BNP Paribas Financial Markets grew its holdings in Shoe Carnival by 241.2% in the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company's stock worth $6,742,000 after purchasing an additional 144,066 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Shoe Carnival by 215.0% during the 4th quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company's stock worth $6,438,000 after purchasing an additional 132,844 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Shoe Carnival by 219.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company's stock worth $4,925,000 after purchasing an additional 102,200 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of Shoe Carnival by 20.0% in the 4th quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock valued at $19,236,000 after buying an additional 96,753 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in Shoe Carnival in the 4th quarter valued at about $2,751,000. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Stock Performance

Shoe Carnival stock traded up $0.04 during mid-day trading on Wednesday, reaching $19.51. The stock had a trading volume of 40,128 shares, compared to its average volume of 404,662. The firm has a market capitalization of $533.30 million, a PE ratio of 7.19 and a beta of 1.41. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The stock's 50-day simple moving average is $18.97 and its 200-day simple moving average is $25.31.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data 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 6.12% and a return on equity of 12.52%. The firm had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. On average, research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. Shoe Carnival's dividend payout ratio is presently 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.