Rhumbline Advisers Has $1.17 Million Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Rhumbline Advisers lessened its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,286 shares of the company's stock after selling 15,715 shares during the period. Rhumbline Advisers owned about 0.20% of Shoe Carnival worth $1,172,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Shoe Carnival by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company's stock valued at $46,216,000 after acquiring an additional 8,826 shares during the last quarter. Invesco Ltd. raised its stake in shares of Shoe Carnival by 10.1% in the fourth quarter. Invesco Ltd. now owns 880,047 shares of the company's stock valued at $29,112,000 after acquiring an additional 80,871 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Shoe Carnival by 7.4% in the fourth quarter. American Century Companies Inc. now owns 547,366 shares of the company's stock valued at $18,107,000 after purchasing an additional 37,569 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Shoe Carnival by 13.8% in the fourth quarter. Royce & Associates LP now owns 528,092 shares of the company's stock valued at $17,469,000 after purchasing an additional 64,239 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Shoe Carnival by 4.7% in the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company's stock valued at $16,793,000 after purchasing an additional 22,859 shares in the last quarter. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Trading Down 3.4%

Shares of Shoe Carnival stock traded down $0.67 during midday trading on Monday, reaching $18.79. The company had a trading volume of 454,587 shares, compared to its average volume of 419,478. The company has a market capitalization of $513.72 million, a price-to-earnings ratio of 7.86 and a beta of 1.41. The stock has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $23.83. Shoe Carnival, Inc. has a 1-year low of $16.14 and a 1-year high of $46.92.

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 for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The business had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. Shoe Carnival's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

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.