Soviero Asset Management LP Takes Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Soviero Asset Management LP purchased a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,563 shares of the company's stock, valued at approximately $1,673,000. Soviero Asset Management LP owned 0.19% of Shoe Carnival as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of Shoe Carnival in the fourth quarter valued at approximately $99,000. SG Americas Securities LLC bought a new position in shares of Shoe Carnival in the fourth quarter valued at approximately $178,000. 1492 Capital Management LLC bought a new position in shares of Shoe Carnival in the fourth quarter valued at approximately $215,000. Price T Rowe Associates Inc. MD raised its position in Shoe Carnival by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock worth $225,000 after purchasing an additional 987 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Shoe Carnival in the 4th quarter worth approximately $231,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Down 3.6%

SCVL stock traded down $0.73 during trading on Wednesday, hitting $19.40. The company had a trading volume of 418,415 shares, compared to its average volume of 394,317. The firm has a 50-day moving average price of $19.53 and a 200-day moving average price of $26.50. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The stock has a market cap of $530.24 million, a price-to-earnings ratio of 7.13 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The firm had revenue of $262.90 million during the quarter, compared to analysts' expectations of $277.89 million. During the same quarter in the previous year, the company posted $0.59 EPS. Shoe Carnival's revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Monday, April 7th. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's payout ratio is currently 22.39%.

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.