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

Renaissance Technologies LLC boosted its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 219.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,868 shares of the company’s stock after purchasing an additional 102,200 shares during the quarter. Renaissance Technologies LLC owned about 0.55% of Shoe Carnival worth $4,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Shoe Carnival by 8.7% in the third quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares during the last quarter. Sei Investments Co. grew its stake in Shoe Carnival by 0.8% during the 4th quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock valued at $1,884,000 after acquiring an additional 437 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Shoe Carnival by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 454,332 shares of the company’s stock valued at $15,032,000 after purchasing an additional 1,784 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Shoe Carnival by 21.6% in the fourth quarter. Wells Fargo & Company MN now owns 12,404 shares of the company’s stock valued at $410,000 after purchasing an additional 2,206 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Shoe Carnival during the fourth quarter worth approximately $99,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $17.26 on Monday. Shoe Carnival, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $46.92. The firm has a market capitalization of $469.04 million, a P/E ratio of 6.35 and a beta of 1.35. The stock’s fifty day moving average is $21.48 and its two-hundred day moving average is $29.42.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The firm 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%. Shoe Carnival’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a yield of 3.48%. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s payout ratio is currently 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.