Point72 Asset Management L.P. Raises Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Point72 Asset Management L.P. lifted its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 180.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,100 shares of the company's stock after purchasing an additional 14,217 shares during the period. Point72 Asset Management L.P. owned approximately 0.08% of Shoe Carnival worth $731,000 at the end of the most recent reporting period.

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

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $19.51 on Friday. The stock has a market capitalization of $533.25 million, a P/E ratio of 7.17 and a beta of 1.41. The company has a 50 day moving average price of $19.48 and a 200 day moving average price of $26.40. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $262.90 million during the quarter, compared to analysts' expectations of $277.89 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. On average, research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, April 7th. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's payout ratio is 22.39%.

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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