Shoe Carnival, Inc. (NASDAQ:SCVL) Position Raised by Northern Trust Corp

Northern Trust Corp increased its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 507,661 shares of the company's stock after acquiring an additional 22,859 shares during the period. Northern Trust Corp owned approximately 1.87% of Shoe Carnival worth $16,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Shoe Carnival during the fourth quarter worth $99,000. SG Americas Securities LLC acquired a new stake in shares of Shoe Carnival during the fourth quarter worth $178,000. 1492 Capital Management LLC purchased a new position in shares of Shoe Carnival in the 4th quarter worth $215,000. Price T Rowe Associates Inc. MD raised its position in shares of Shoe Carnival by 17.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company's stock worth $225,000 after buying an additional 987 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Shoe Carnival in the 4th quarter worth $233,000. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Trading Up 1.6%

NASDAQ:SCVL traded up $0.32 during mid-day trading on Tuesday, hitting $20.39. The company had a trading volume of 12,462 shares, compared to its average volume of 507,878. The business has a fifty day simple moving average of $19.61 and a 200-day simple moving average of $26.60. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92. The firm has a market capitalization of $557.35 million, a price-to-earnings ratio of 7.50 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $277.89 million. During the same period in the previous year, the company earned $0.59 earnings per share. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.94%. 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 (DPR) 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.