Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 219.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,868 shares of the company's stock after purchasing an additional 102,200 shares during the period. Renaissance Technologies LLC owned about 0.55% of Shoe Carnival worth $4,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Shoe Carnival in the 4th quarter worth $99,000. FMR LLC increased its stake in shares of Shoe Carnival by 8.7% during the third quarter. FMR LLC now owns 4,266 shares of the company's stock worth $187,000 after purchasing an additional 343 shares in the last quarter. SG Americas Securities LLC purchased a new position in Shoe Carnival in the 4th quarter valued at about $178,000. Aster Capital Management DIFC Ltd boosted its holdings in Shoe Carnival by 5,059.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 7,120 shares of the company's stock worth $236,000 after buying an additional 6,982 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Shoe Carnival during the third quarter valued at approximately $530,000. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL traded down $0.49 during trading hours on Friday, hitting $17.78. 82,572 shares of the stock were exchanged, compared to its average volume of 376,477. The stock's 50-day moving average price is $20.91 and its two-hundred day moving average price is $28.95. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92. The company has a market cap of $483.04 million, a price-to-earnings ratio of 6.53 and a beta of 1.35.

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. The business had revenue of $262.90 million during the quarter, compared to analyst estimates of $277.89 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, research analysts expect 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 of this dividend was Monday, April 7th. This is a positive change 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 3.38%. Shoe Carnival's dividend payout ratio 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.