Northern Trust Corp Has $16.79 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Northern Trust Corp grew its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 507,661 shares of the company's stock after buying 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 filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCVL. KLP Kapitalforvaltning AS bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $99,000. SG Americas Securities LLC bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $178,000. 1492 Capital Management LLC bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $215,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $225,000 after buying an additional 987 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Shoe Carnival during the 4th quarter worth approximately $233,000. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

Shoe Carnival stock opened at $19.30 on Thursday. Shoe Carnival, Inc. has a 52-week low of $16.14 and a 52-week high of $46.92. The stock's 50 day moving average price is $19.75 and its two-hundred day moving average price is $27.02. The stock has a market capitalization of $524.48 million, a price-to-earnings ratio of 7.10 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 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 company had revenue of $262.90 million for the quarter, compared to analysts' expectations of $277.89 million. During the same period last year, the business earned $0.59 EPS. Shoe Carnival's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.15 dividend. 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 dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, April 7th. Shoe Carnival's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.