Allspring Global Investments Holdings LLC Sells 63,306 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC cut its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,549 shares of the company's stock after selling 63,306 shares during the period. Allspring Global Investments Holdings LLC owned about 0.60% of Shoe Carnival worth $4,941,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Shoe Carnival by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,032,032 shares of the company's stock worth $59,255,000 after buying an additional 24,838 shares during the period. Vanguard Group Inc. grew its stake in shares of Shoe Carnival by 6.9% in the first quarter. Vanguard Group Inc. now owns 1,527,571 shares of the company's stock worth $44,545,000 after purchasing an additional 97,942 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Shoe Carnival by 19.3% in the third quarter. Copeland Capital Management LLC now owns 1,494,501 shares of the company's stock valued at $35,913,000 after purchasing an additional 242,035 shares during the period. New South Capital Management Inc. raised its position in Shoe Carnival by 47.2% during the 3rd quarter. New South Capital Management Inc. now owns 884,155 shares of the company's stock worth $21,246,000 after purchasing an additional 283,408 shares during the last quarter. Finally, State Street Corp raised its position in Shoe Carnival by 1.9% during the 2nd quarter. State Street Corp now owns 811,337 shares of the company's stock worth $19,050,000 after purchasing an additional 15,478 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shoe Carnival

In other news, EVP Carl N. Scibetta sold 5,415 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total transaction of $191,961.75. Following the transaction, the executive vice president now owns 118,077 shares of the company's stock, valued at approximately $4,185,829.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Carl N. Scibetta sold 5,415 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total transaction of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares in the company, valued at $4,185,829.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrea R. Guthrie sold 2,467 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total value of $80,078.82. Following the completion of the transaction, the director now owns 20,106 shares in the company, valued at $652,640.76. The disclosure for this sale can be found here. Insiders own 34.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCVL shares. Williams Trading raised Shoe Carnival from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Friday, March 22nd. Monness Crespi & Hardt lowered shares of Shoe Carnival from a "buy" rating to a "neutral" rating in a report on Tuesday, March 19th.

Shoe Carnival Stock Performance

Shares of SCVL stock traded up $0.69 during mid-day trading on Friday, hitting $33.15. The company's stock had a trading volume of 187,638 shares, compared to its average volume of 187,325. The company has a market cap of $898.37 million, a PE ratio of 12.37 and a beta of 1.56. The company's fifty day simple moving average is $32.75 and its 200-day simple moving average is $28.18. Shoe Carnival, Inc. has a 52 week low of $19.24 and a 52 week high of $37.08.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting analysts' consensus estimates of $0.59. The business had revenue of $280.20 million during the quarter, compared to the consensus estimate of $280.30 million. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.63%. This is a boost from Shoe Carnival's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, April 5th. Shoe Carnival's dividend payout ratio (DPR) is presently 20.15%.

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.