First Trust Advisors LP Takes Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

First Trust Advisors LP bought a new position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 72,607 shares of the company's stock, valued at approximately $2,402,000. First Trust Advisors LP owned about 0.27% of Shoe Carnival as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Shoe Carnival by 215.0% in 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 in the last quarter. Renaissance Technologies LLC boosted its position in Shoe Carnival by 219.0% during the 4th 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 stake 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 acquiring an additional 96,753 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Shoe Carnival during the fourth quarter worth approximately $2,751,000. Finally, Invesco Ltd. grew its position in Shoe Carnival by 10.1% during the fourth quarter. Invesco Ltd. now owns 880,047 shares of the company's stock valued at $29,112,000 after purchasing an additional 80,871 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Trading Down 3.4 %

SCVL stock traded down $0.63 during midday trading on Friday, reaching $17.98. The company had a trading volume of 333,131 shares, compared to its average volume of 388,198. The company has a 50 day moving average of $19.92 and a two-hundred day moving average of $27.29. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The company has a market capitalization of $488.61 million, a P/E ratio of 6.61 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share 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 paid a $0.15 dividend. 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 dividend on an annualized basis and a yield of 3.34%. Shoe Carnival's payout ratio is 22.39%.

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.