Voloridge Investment Management LLC Invests $1.23 Million in Shoe Carnival, Inc. (NASDAQ:SCVL)

Voloridge Investment Management LLC bought a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,214 shares of the company's stock, valued at approximately $1,231,000. Voloridge Investment Management LLC owned 0.14% of Shoe Carnival as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Shoe Carnival in the 4th quarter valued at about $99,000. SG Americas Securities LLC purchased a new stake in Shoe Carnival during the 4th quarter valued at approximately $178,000. 1492 Capital Management LLC purchased a new stake in Shoe Carnival during the 4th quarter valued at approximately $215,000. Price T Rowe Associates Inc. MD raised its stake in Shoe Carnival by 17.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock valued at $225,000 after acquiring an additional 987 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in Shoe Carnival during the 4th quarter valued at approximately $231,000. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Up 4.4%

SCVL traded up $0.81 on Friday, hitting $19.25. 1,526,913 shares of the company traded hands, compared to its average volume of 404,096. The company has a 50 day moving average of $19.08 and a 200-day moving average of $25.54. The stock has a market capitalization of $526.14 million, a PE ratio of 7.08 and a beta of 1.41. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm's revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. On average, research analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS 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. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 3.12%. Shoe Carnival's dividend 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.