Raymond James Financial Inc. Purchases Shares of 32,500 Shoe Carnival, Inc. (NASDAQ:SCVL)

Raymond James Financial Inc. bought a new stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,500 shares of the company's stock, valued at approximately $1,075,000. Raymond James Financial Inc. owned approximately 0.12% of Shoe Carnival at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SCVL. Barclays PLC grew its position in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company's stock valued at $1,330,000 after purchasing an additional 19,868 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Shoe Carnival in the third quarter worth $530,000. SG Americas Securities LLC acquired a new stake in Shoe Carnival during the fourth quarter valued at $178,000. Sonora Investment Management Group LLC boosted its position in Shoe Carnival by 35.6% during 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 during the last quarter. Finally, Copeland Capital Management LLC boosted its position in Shoe Carnival by 2.5% during 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 during the last quarter. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Stock Down 3.4 %

Shares of SCVL traded down $0.63 during midday trading on Friday, reaching $17.98. 333,131 shares of the stock were exchanged, compared to its average volume of 388,198. The company has a market cap of $488.61 million, a price-to-earnings ratio of 6.61 and a beta of 1.41. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92. The firm has a 50 day simple moving average of $19.92 and a 200-day simple moving average of $27.29.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. Shoe Carnival's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. Research analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently disclosed 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 dividend yield of 3.34%. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. Shoe Carnival's dividend payout ratio (DPR) is presently 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.