Two Sigma Investments LP Has $1.58 Million Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Two Sigma Investments LP lowered its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,789 shares of the company’s stock after selling 1,536 shares during the period. Two Sigma Investments LP owned approximately 0.18% of Shoe Carnival worth $1,581,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Shoe Carnival by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company’s stock worth $46,216,000 after purchasing an additional 8,826 shares during the period. Invesco Ltd. increased its stake in shares of Shoe Carnival by 10.1% in the fourth quarter. Invesco Ltd. now owns 880,047 shares of the company’s stock worth $29,112,000 after purchasing an additional 80,871 shares during the period. American Century Companies Inc. increased its stake in shares of Shoe Carnival by 7.4% in the fourth quarter. American Century Companies Inc. now owns 547,366 shares of the company’s stock worth $18,107,000 after purchasing an additional 37,569 shares during the period. Royce & Associates LP increased its stake in shares of Shoe Carnival by 13.8% in the fourth quarter. Royce & Associates LP now owns 528,092 shares of the company’s stock worth $17,469,000 after purchasing an additional 64,239 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Shoe Carnival by 4.7% in the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company’s stock worth $16,793,000 after purchasing an additional 22,859 shares during the period. 66.05% of the stock is currently owned by institutional investors.

Shoe Carnival Stock Performance

Shoe Carnival stock opened at $19.47 on Wednesday. The business’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $25.31. The firm has a market capitalization of $532.15 million, a PE ratio of 7.16 and a beta of 1.41. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Friday, May 30th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. During the same period in the previous year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.08%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. Shoe Carnival’s payout ratio is currently 25.10%.

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.