Quantedge Capital Pte Ltd Sells 85,600 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Quantedge Capital Pte Ltd lessened its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 80.0% during the fourth quarter, according to the company in its most recent disclosure with the 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 approximately 0.08% of Shoe Carnival worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCVL. Franklin Resources Inc. acquired a new stake in Shoe Carnival in the third quarter valued at $530,000. SG Americas Securities LLC bought a new position in Shoe Carnival in the fourth quarter worth approximately $178,000. Sonora Investment Management Group LLC lifted its holdings in shares of Shoe Carnival by 35.6% in the fourth quarter. Sonora Investment Management Group LLC now owns 49,956 shares of the company's stock valued at $1,653,000 after purchasing an additional 13,115 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Shoe Carnival by 2.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,204,443 shares of the company's stock valued at $39,843,000 after purchasing an additional 29,280 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock valued at $19,236,000 after purchasing an additional 96,753 shares in the last quarter. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Trading Down 0.7%

Shares of SCVL opened at $19.30 on Thursday. The company has a market capitalization of $524.48 million, a price-to-earnings ratio of 7.10 and a beta of 1.41. The stock has a 50 day moving average of $19.75 and a 200 day moving average of $27.02. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $277.89 million. During the same period last year, the business posted $0.59 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a $0.15 dividend. The ex-dividend date was Monday, April 7th. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.11%. Shoe Carnival's payout ratio is 22.39%.

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.

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