First Trust Advisors LP Purchases Shares of 72,607 Shoe Carnival, Inc. (NASDAQ:SCVL)

First Trust Advisors LP bought a new position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 72,607 shares of the company's stock, valued at approximately $2,402,000. First Trust Advisors LP owned 0.27% of Shoe Carnival as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCVL. KLP Kapitalforvaltning AS purchased a new position in shares of Shoe Carnival during the fourth quarter valued at approximately $99,000. SG Americas Securities LLC purchased a new stake in shares of Shoe Carnival in the 4th quarter worth about $178,000. 1492 Capital Management LLC bought a new stake in shares of Shoe Carnival during the 4th quarter valued at about $215,000. Jump Financial LLC purchased a new position in shares of Shoe Carnival during the fourth quarter valued at about $233,000. Finally, Aster Capital Management DIFC Ltd raised its stake in Shoe Carnival by 5,059.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,120 shares of the company's stock worth $236,000 after buying an additional 6,982 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Trading Up 4.4 %

Shares of SCVL stock traded up $0.78 during midday trading on Thursday, reaching $18.61. 384,757 shares of the stock were exchanged, compared to its average volume of 385,430. The firm has a market cap of $505.73 million, a PE ratio of 6.84 and a beta of 1.41. The company's 50 day moving average is $20.04 and its two-hundred day moving average is $27.61. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $262.90 million during the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a $0.15 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.22%. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's payout ratio is currently 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.