Allspring Global Investments Holdings LLC Sells 63,306 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC trimmed its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 27.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 163,549 shares of the company’s stock after selling 63,306 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Shoe Carnival were worth $4,941,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brandywine Global Investment Management LLC increased its position in shares of Shoe Carnival by 16.2% in the third quarter. Brandywine Global Investment Management LLC now owns 83,118 shares of the company’s stock valued at $1,997,000 after acquiring an additional 11,559 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Shoe Carnival by 19.3% in the third quarter. Copeland Capital Management LLC now owns 1,494,501 shares of the company’s stock valued at $35,913,000 after acquiring an additional 242,035 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Shoe Carnival by 60.0% in the third quarter. Envestnet Asset Management Inc. now owns 223,519 shares of the company’s stock valued at $5,371,000 after acquiring an additional 83,860 shares during the last quarter. Stifel Financial Corp increased its position in shares of Shoe Carnival by 13.6% in the third quarter. Stifel Financial Corp now owns 69,809 shares of the company’s stock valued at $1,678,000 after acquiring an additional 8,331 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Shoe Carnival by 10.3% in the third quarter. First Eagle Investment Management LLC now owns 361,394 shares of the company’s stock valued at $8,684,000 after acquiring an additional 33,599 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Up 2.1 %

Shares of NASDAQ SCVL opened at $33.15 on Friday. The business’s 50 day moving average price is $32.75 and its two-hundred day moving average price is $28.15. The company has a market cap of $898.37 million, a PE ratio of 12.37 and a beta of 1.56. Shoe Carnival, Inc. has a twelve month low of $19.24 and a twelve month high of $37.08.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. The firm had revenue of $280.20 million for the quarter, compared to the consensus estimate of $280.30 million. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, research analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be given a $0.135 dividend. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.54 annualized dividend and a dividend yield of 1.63%. Shoe Carnival’s dividend payout ratio is presently 20.15%.

Analyst Ratings Changes

SCVL has been the topic of a number of recent research reports. Monness Crespi & Hardt downgraded Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, March 22nd.

Insider Activity

In other news, EVP Carl N. Scibetta sold 5,415 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total value of $191,961.75. Following the transaction, the executive vice president now owns 118,077 shares of the company’s stock, valued at $4,185,829.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrea R. Guthrie sold 2,467 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $32.46, for a total value of $80,078.82. Following the transaction, the director now owns 20,106 shares of the company’s stock, valued at $652,640.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carl N. Scibetta sold 5,415 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the transaction, the executive vice president now directly owns 118,077 shares in the company, valued at approximately $4,185,829.65. The disclosure for this sale can be found here. 34.50% of the stock is owned by company insiders.

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.