Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.51 Million Investment in Shoe Carnival, Inc. (NASDAQ:SCVL)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 75,971 shares of the company's stock, valued at approximately $2,513,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.28% of Shoe Carnival at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Shoe Carnival during the fourth quarter valued at approximately $178,000. Hodges Capital Management Inc. increased its position in Shoe Carnival by 20.0% during the 4th 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 period. Tectonic Advisors LLC raised its holdings in Shoe Carnival by 7.4% in the 4th quarter. Tectonic Advisors LLC now owns 52,593 shares of the company's stock worth $1,740,000 after purchasing an additional 3,607 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Shoe Carnival by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,043 shares of the company's stock worth $4,500,000 after purchasing an additional 6,584 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Shoe Carnival by 22.0% in the 4th quarter. Rhumbline Advisers now owns 69,001 shares of the company's stock worth $2,283,000 after purchasing an additional 12,445 shares during the period. Hedge funds and other institutional investors own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of SCVL remained flat at $19.47 during trading hours on Wednesday. 430,345 shares of the stock were exchanged, compared to its average volume of 406,185. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92. The firm has a 50 day moving average price of $18.97 and a two-hundred day moving average price of $25.31. The stock has a market cap of $532.15 million, a P/E ratio of 7.16 and a beta of 1.41.

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

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a $0.15 dividend. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. Shoe Carnival's dividend payout ratio is 25.10%.

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.