Copeland Capital Management LLC Acquires 194,887 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Copeland Capital Management LLC lifted its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,399,330 shares of the company's stock after buying an additional 194,887 shares during the period. Copeland Capital Management LLC owned about 5.15% of Shoe Carnival worth $30,771,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. raised 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 acquiring an additional 1,457 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Shoe Carnival in the 1st quarter worth $33,000. GAMMA Investing LLC raised its stake 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 worth $55,000 after purchasing an additional 2,012 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Shoe Carnival in the fourth quarter worth $99,000. Finally, 1492 Capital Management LLC bought a new position in shares of Shoe Carnival during the fourth quarter valued at $215,000. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Price Performance

NASDAQ SCVL traded up $1.64 during trading hours on Tuesday, hitting $20.35. The company's stock had a trading volume of 609,034 shares, compared to its average volume of 426,268. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The company's 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $23.27. The company has a market cap of $556.37 million, a P/E ratio of 8.51 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The business's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a $0.15 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.95%. Shoe Carnival's dividend payout ratio (DPR) is currently 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.