Tectonic Advisors LLC Increases Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Tectonic Advisors LLC grew its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 79.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,343 shares of the company's stock after acquiring an additional 41,750 shares during the quarter. Tectonic Advisors LLC owned 0.35% of Shoe Carnival worth $2,075,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New South Capital Management Inc. increased its stake in shares of Shoe Carnival by 189.9% in the first quarter. New South Capital Management Inc. now owns 699,824 shares of the company's stock valued at $15,389,000 after buying an additional 458,412 shares during the period. Copeland Capital Management LLC increased its position in Shoe Carnival by 16.2% during the 1st quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company's stock valued at $30,771,000 after purchasing an additional 194,887 shares during the period. BNP Paribas Financial Markets increased its position in Shoe Carnival by 241.2% during the 4th 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 during the period. JPMorgan Chase & Co. increased its position in Shoe Carnival by 215.0% during the 4th 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 during the period. Finally, Renaissance Technologies LLC increased its position in Shoe Carnival by 219.0% during the 4th 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 during the period. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Trading Down 1.8%

NASDAQ:SCVL traded down $0.37 on Friday, reaching $20.22. 289,329 shares of the stock traded hands, compared to its average volume of 433,869. The firm has a market capitalization of $552.81 million, a price-to-earnings ratio of 8.46 and a beta of 1.37. The company's 50 day moving average is $19.80 and its 200-day moving average is $22.18. 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 released its 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 the consensus estimate of $285.16 million. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Monday, July 7th. Shoe Carnival's payout ratio is 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.