Tectonic Advisors LLC Boosts Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Tectonic Advisors LLC boosted its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 79.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,343 shares of the company's stock after purchasing an additional 41,750 shares during the period. Tectonic Advisors LLC owned about 0.35% of Shoe Carnival worth $2,075,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. boosted its holdings in Shoe Carnival by 145,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after buying an additional 1,457 shares during the period. Versant Capital Management Inc bought a new position in shares of Shoe Carnival in the first quarter worth $33,000. GAMMA Investing LLC grew its position in shares of Shoe Carnival by 404.0% in the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after purchasing an additional 2,012 shares in the last quarter. CWM LLC grew its position in shares of Shoe Carnival by 188.3% in the first quarter. CWM LLC now owns 3,883 shares of the company's stock valued at $85,000 after purchasing an additional 2,536 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Shoe Carnival during the 4th quarter worth about $99,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

NASDAQ SCVL traded down $0.12 during trading hours on Wednesday, hitting $20.48. The company had a trading volume of 310,804 shares, compared to its average volume of 434,135. The firm has a market capitalization of $559.92 million, a price-to-earnings ratio of 8.57 and a beta of 1.37. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The firm has a 50 day simple moving average of $19.76 and a 200 day simple moving average of $22.27.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating 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 company had revenue of $277.72 million during the quarter, compared to analysts' expectations of $285.16 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. Shoe Carnival's revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, July 7th. Shoe Carnival's dividend 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.