Copeland Capital Management LLC Has $30.77 Million Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Copeland Capital Management LLC grew its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,399,330 shares of the company's stock after acquiring an additional 194,887 shares during the period. Copeland Capital Management LLC owned 5.15% of Shoe Carnival worth $30,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. increased its holdings in Shoe Carnival by 145,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock valued at $32,000 after purchasing an additional 1,457 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Shoe Carnival in the first quarter valued at about $33,000. GAMMA Investing LLC lifted its position in Shoe Carnival by 404.0% during the 1st quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock worth $55,000 after buying an additional 2,012 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival during the 4th quarter worth about $99,000. Finally, 1492 Capital Management LLC bought a new stake in Shoe Carnival during the 4th quarter worth about $215,000. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.24 during trading on Friday, reaching $19.25. The company had a trading volume of 1,074,364 shares, compared to its average volume of 426,042. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The business's 50 day moving average price is $18.94 and its 200-day moving average price is $23.54. The stock has a market cap of $526.30 million, a PE ratio of 8.05 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data 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. Shoe Carnival had a net margin of 5.58% and a return on equity of 10.43%. The firm 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 posted $0.64 EPS. Shoe Carnival's revenue was down 7.6% on a year-over-year basis. Equities analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Company 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.