Price T Rowe Associates Inc. MD Has $225,000 Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Price T Rowe Associates Inc. MD increased its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,795 shares of the company’s stock after acquiring an additional 987 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Shoe Carnival were worth $225,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $99,000. SG Americas Securities LLC acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $178,000. 1492 Capital Management LLC acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $215,000. Jump Financial LLC acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $233,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Shoe Carnival by 5,059.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,120 shares of the company’s stock valued at $236,000 after buying an additional 6,982 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL opened at $20.26 on Friday. The company’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $26.81. The firm has a market capitalization of $550.57 million, a P/E ratio of 7.45 and a beta of 1.41. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $262.90 million for 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 business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Sell-side analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued 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 annualized dividend and a yield of 2.96%. Shoe Carnival’s dividend payout ratio (DPR) is 22.39%.

Shoe Carnival 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.