Sonora Investment Management Group LLC Purchases 57,402 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Sonora Investment Management Group LLC grew its stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 114.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,358 shares of the company's stock after purchasing an additional 57,402 shares during the quarter. Sonora Investment Management Group LLC owned about 0.40% of Shoe Carnival worth $2,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SCVL. Vanguard Group Inc. raised its stake in Shoe Carnival by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company's stock worth $46,216,000 after buying an additional 8,826 shares during the period. Invesco Ltd. lifted its position in Shoe Carnival by 10.1% during the 4th quarter. Invesco Ltd. now owns 880,047 shares of the company's stock worth $29,112,000 after buying an additional 80,871 shares in the last quarter. American Century Companies Inc. grew its stake in Shoe Carnival by 7.4% in the fourth quarter. American Century Companies Inc. now owns 547,366 shares of the company's stock valued at $18,107,000 after purchasing an additional 37,569 shares in the last quarter. Royce & Associates LP increased its holdings in Shoe Carnival by 13.8% during the fourth quarter. Royce & Associates LP now owns 528,092 shares of the company's stock worth $17,469,000 after buying an additional 64,239 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Shoe Carnival by 4.7% in the 4th quarter. Northern Trust Corp now owns 507,661 shares of the company's stock valued at $16,793,000 after purchasing an additional 22,859 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Up 0.3%

Shares of NASDAQ SCVL traded up $0.05 during midday trading on Wednesday, hitting $20.04. 377,243 shares of the company's stock were exchanged, compared to its average volume of 409,055. The company's 50 day moving average price is $18.77 and its 200 day moving average price is $24.78. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The firm has a market capitalization of $547.73 million, a PE ratio of 7.37 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. 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 posted $0.64 EPS. On average, equities research analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

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.