New South Capital Management Inc. Has $15.39 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

New South Capital Management Inc. boosted its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 189.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 699,824 shares of the company's stock after buying an additional 458,412 shares during the quarter. New South Capital Management Inc. owned approximately 2.58% of Shoe Carnival worth $15,389,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SCVL. Copeland Capital Management LLC raised its position in shares of Shoe Carnival by 16.2% during the 1st quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company's stock worth $30,771,000 after buying an additional 194,887 shares in the last quarter. Bessemer Group Inc. boosted its stake in Shoe Carnival by 20.5% in the 1st quarter. Bessemer Group Inc. now owns 12,325 shares of the company's stock worth $271,000 after purchasing an additional 2,098 shares during the period. North Star Investment Management Corp. grew its holdings in shares of Shoe Carnival by 1.4% during the first quarter. North Star Investment Management Corp. now owns 55,892 shares of the company's stock valued at $1,229,000 after buying an additional 750 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Shoe Carnival in the 1st quarter valued at about $1,053,000. Finally, SG Americas Securities LLC increased its stake in Shoe Carnival by 309.3% in the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock valued at $484,000 after buying an additional 16,645 shares during the period. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

Shares of Shoe Carnival stock traded up $0.33 during midday trading on Thursday, reaching $21.41. 195,218 shares of the company's stock traded hands, compared to its average volume of 428,404. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The company's 50 day simple moving average is $19.16 and its 200 day simple moving average is $23.14. The company has a market cap of $585.35 million, a price-to-earnings ratio of 8.96 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The firm had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. During the same quarter last year, the firm posted $0.64 EPS. The business's quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, July 7th. Shoe Carnival's payout ratio is 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.