Gotham Asset Management LLC Buys New Shares in Shoe Carnival, Inc. (NASDAQ:SCVL)

Gotham Asset Management LLC bought a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,703 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. increased its stake in Shoe Carnival by 0.8% in the fourth quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock valued at $1,884,000 after purchasing an additional 437 shares in the last quarter. Sterling Capital Management LLC increased its stake in Shoe Carnival by 5.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,284 shares of the company’s stock valued at $307,000 after purchasing an additional 511 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Shoe Carnival by 17.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock valued at $225,000 after purchasing an additional 987 shares in the last quarter. Geode Capital Management LLC increased its stake in 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. Finally, Stifel Financial Corp increased its stake in Shoe Carnival by 2.5% in the fourth quarter. Stifel Financial Corp now owns 76,196 shares of the company’s stock valued at $2,521,000 after purchasing an additional 1,873 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Trading Up 0.3%

SCVL opened at $20.13 on Wednesday. Shoe Carnival, Inc. has a 1-year low of $16.14 and a 1-year high of $46.92. The company has a market cap of $550.19 million, a P/E ratio of 7.40 and a beta of 1.41. The company has a fifty day moving average price of $19.58 and a two-hundred day moving average price of $26.55.

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

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a dividend of $0.15 per share. The ex-dividend date was Monday, April 7th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.98%. Shoe Carnival’s payout ratio 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.