Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Bought by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC lifted its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 114.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC increased its stake in Shoe Carnival by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,043 shares of the company's stock valued at $4,500,000 after buying an additional 6,584 shares during the period. Rhumbline Advisers boosted its holdings in shares of Shoe Carnival by 22.0% in the fourth quarter. Rhumbline Advisers now owns 69,001 shares of the company's stock valued at $2,283,000 after acquiring an additional 12,445 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Shoe Carnival by 3.8% during 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. New York State Common Retirement Fund raised its holdings in Shoe Carnival by 51.7% during the fourth quarter. New York State Common Retirement Fund now owns 34,622 shares of the company's stock worth $1,145,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Denali Advisors LLC lifted its position in Shoe Carnival by 37.8% in the fourth quarter. Denali Advisors LLC now owns 91,800 shares of the company's stock valued at $3,037,000 after purchasing an additional 25,170 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

SCVL traded down $0.71 during trading on Friday, reaching $19.05. The company's stock had a trading volume of 977,539 shares, compared to its average volume of 412,878. The company's fifty day moving average price is $18.78 and its 200-day moving average price is $24.57. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92. The company has a market capitalization of $520.75 million, a price-to-earnings ratio of 7.00 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $277.72 million during the quarter, compared to analysts' expectations of $285.16 million. During the same period last year, the firm earned $0.64 EPS. The company's quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

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.