Quantedge Capital Pte Ltd cut its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,400 shares of the company's stock after selling 85,600 shares during the quarter. Quantedge Capital Pte Ltd owned 0.08% of Shoe Carnival worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Shoe Carnival by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company's stock worth $46,216,000 after purchasing an additional 8,826 shares during the period. Copeland Capital Management LLC grew its position in shares of Shoe Carnival by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 1,204,443 shares of the company's stock worth $39,843,000 after buying an additional 29,280 shares during the last quarter. Invesco Ltd. increased its position in Shoe Carnival by 10.1% during the 4th 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 during the period. Hodges Capital Management Inc. raised its stake in Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock worth $19,236,000 after buying an additional 96,753 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Shoe Carnival by 7.4% in the 4th quarter. American Century Companies Inc. now owns 547,366 shares of the company's stock worth $18,107,000 after acquiring an additional 37,569 shares in the last quarter. 66.05% of the stock is currently owned by hedge funds and other institutional investors.
Shoe Carnival Stock Performance
Shares of SCVL traded up $0.16 during mid-day trading on Tuesday, reaching $20.23. The company had a trading volume of 88,553 shares, compared to its average volume of 392,666. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The company has a market capitalization of $552.79 million, a price-to-earnings ratio of 7.46 and a beta of 1.41. The firm has a 50-day moving average price of $19.61 and a 200 day moving average price of $26.60.
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 the consensus estimate of $0.42 by $0.12. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $262.90 million for the quarter, compared to analysts' expectations of $277.89 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm's quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.
Shoe Carnival Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a $0.15 dividend. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Monday, April 7th. Shoe Carnival's payout ratio is currently 22.39%.
About Shoe Carnival
(
Free Report)
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.
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