Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,442 shares of the company's stock after selling 14,101 shares during the quarter. Bank of America Corp DE owned about 0.12% of Shoe Carnival worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in Shoe Carnival by 13.8% in the 4th quarter. Barclays PLC now owns 34,533 shares of the company's stock worth $1,143,000 after buying an additional 4,191 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Shoe Carnival by 219.0% in the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company's stock valued at $4,925,000 after acquiring an additional 102,200 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Shoe Carnival in the fourth quarter worth $1,075,000. Principal Financial Group Inc. increased its stake in shares of Shoe Carnival by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 95,181 shares of the company's stock worth $3,149,000 after acquiring an additional 3,452 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Shoe Carnival by 4.7% during the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company's stock worth $16,793,000 after purchasing an additional 22,859 shares during the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

NASDAQ SCVL traded down $0.09 on Tuesday, reaching $19.99. 271,163 shares of the company's stock traded hands, compared to its average volume of 408,434. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The firm has a market cap of $546.37 million, a price-to-earnings ratio of 7.35 and a beta of 1.41. The stock has a 50 day moving average price of $18.77 and a 200-day moving average price of $24.81.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $277.72 million during the quarter, compared to analysts' expectations of $285.16 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The company's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.00%. Shoe Carnival's dividend payout ratio (DPR) is presently 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.