GAMMA Investing LLC Buys 54,697 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

GAMMA Investing LLC lifted its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 10,983.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,195 shares of the company's stock after purchasing an additional 54,697 shares during the quarter. GAMMA Investing LLC owned 0.20% of Shoe Carnival worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Shoe Carnival by 241.2% during the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company's stock worth $6,742,000 after buying an additional 144,066 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 132,844 shares during the period. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 102,200 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of Shoe Carnival during the 4th quarter worth approximately $2,751,000. Finally, Invesco Ltd. boosted its position in shares of Shoe Carnival by 10.1% during the 4th quarter. Invesco Ltd. now owns 880,047 shares of the company's stock worth $29,112,000 after acquiring an additional 80,871 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Price Performance

SCVL traded down $0.56 during trading on Thursday, hitting $19.51. 654,782 shares of the stock traded hands, compared to its average volume of 416,213. The business has a 50 day moving average price of $18.76 and a 200 day moving average price of $24.29. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92. The company has a market cap of $533.40 million, a price-to-earnings ratio of 8.16 and a beta of 1.41.

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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The company had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. During the same quarter last year, the company posted $0.64 EPS. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities research analysts predict 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.