14,704 Shares in Shoe Carnival, Inc. (NASDAQ:SCVL) Purchased by Vident Advisory LLC

Vident Advisory LLC acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,704 shares of the company's stock, valued at approximately $486,000. Vident Advisory LLC owned about 0.05% of Shoe Carnival at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sei Investments Co. increased its position in shares of Shoe Carnival by 0.8% in the fourth quarter. Sei Investments Co. now owns 56,940 shares of the company's stock worth $1,884,000 after acquiring an additional 437 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Shoe Carnival by 5.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,284 shares of the company's stock worth $307,000 after acquiring an additional 511 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Shoe Carnival by 17.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock worth $225,000 after acquiring an additional 987 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Shoe Carnival by 9.1% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,447 shares of the company's stock worth $445,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Shoe Carnival by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 454,332 shares of the company's stock worth $15,032,000 after acquiring an additional 1,784 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Stock Performance

Shares of SCVL stock traded up $0.65 on Friday, hitting $19.09. The stock had a trading volume of 981,843 shares, compared to its average volume of 513,471. The firm has a market capitalization of $521.85 million, a price-to-earnings ratio of 7.02 and a beta of 1.41. The stock's 50 day moving average is $19.13 and its 200-day moving average is $25.76. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, beating 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%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.14%. 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. Shoe Carnival's dividend payout ratio is 22.39%.

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.