Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its holdings in Shoe Carnival, Inc. by 20.5% during the first quarter, now owning approximately 1.54% of the company.
• Shoe Carnival reported an EPS of $0.34 for its latest quarter, surpassing expectations but showed a 7.6% decrease in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.15 per share, representing an annualized dividend of $0.60 and a yield of 2.69%.

Royce & Associates LP reduced its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,809 shares of the company's stock after selling 108,283 shares during the period. Royce & Associates LP owned 1.54% of Shoe Carnival worth $9,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after acquiring an additional 2,012 shares in the last quarter. Barclays PLC increased its position in Shoe Carnival by 13.8% during the 4th quarter. Barclays PLC now owns 34,533 shares of the company's stock valued at $1,143,000 after purchasing an additional 4,191 shares during the period. 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. SG Americas Securities LLC increased its position in Shoe Carnival by 309.3% during the 1st quarter. SG Americas Securities LLC now owns 22,026 shares of the company's stock valued at $484,000 after purchasing an additional 16,645 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Shoe Carnival in the 4th quarter worth approximately $1,075,000. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Down 2.2%

Shares of Shoe Carnival stock traded down $0.49 on Tuesday, reaching $21.91. The stock had a trading volume of 78,852 shares, compared to its average volume of 501,052. The company has a 50 day moving average price of $20.14 and a 200 day moving average price of $21.58. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The stock has a market capitalization of $598.88 million, a P/E ratio of 9.15 and a beta of 1.37.

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, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $277.72 million for 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%. Shoe Carnival's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, July 7th. Shoe Carnival's dividend payout ratio is presently 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.