Two Sigma Advisers LP Has $1.59 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Two Sigma Advisers LP raised its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 72.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,200 shares of the company's stock after purchasing an additional 20,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.18% of Shoe Carnival worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCVL. BNP Paribas Financial Markets grew its stake in Shoe Carnival by 241.2% in the 4th quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company's stock valued at $6,742,000 after buying an additional 144,066 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Shoe Carnival by 215.0% during the fourth quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company's stock worth $6,438,000 after acquiring an additional 132,844 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Shoe Carnival by 219.0% during the fourth quarter. Renaissance Technologies LLC now owns 148,868 shares of the company's stock worth $4,925,000 after acquiring an additional 102,200 shares during the period. Hodges Capital Management Inc. grew its position in shares of Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock valued at $19,236,000 after purchasing an additional 96,753 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Shoe Carnival during the fourth quarter worth approximately $2,751,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

SCVL remained flat at $19.47 during trading on Wednesday. The company had a trading volume of 430,345 shares, compared to its average volume of 407,074. The stock has a 50 day simple moving average of $18.92 and a 200 day simple moving average of $25.27. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92. The company has a market capitalization of $532.15 million, a price-to-earnings ratio of 7.16 and a beta of 1.41.

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

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, April 7th. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.08%. Shoe Carnival's dividend payout ratio (DPR) is currently 25.10%.

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.