Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 31.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,442 shares of the company’s stock after selling 14,101 shares during the quarter. Bank of America Corp DE owned about 0.12% of Shoe Carnival worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SCVL. BNP Paribas Financial Markets increased its holdings in shares of Shoe Carnival by 241.2% during the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company’s stock valued at $6,742,000 after acquiring an additional 144,066 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Shoe Carnival by 215.0% in the 4th quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company’s stock worth $6,438,000 after buying an additional 132,844 shares during the period. Renaissance Technologies LLC increased its holdings in Shoe Carnival by 219.0% in the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company’s stock worth $4,925,000 after buying an additional 102,200 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Shoe Carnival in the 4th quarter worth approximately $2,751,000. Finally, Invesco Ltd. increased its holdings in Shoe Carnival by 10.1% in the 4th quarter. Invesco Ltd. now owns 880,047 shares of the company’s stock worth $29,112,000 after buying an additional 80,871 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Trading Up 1.1%

Shares of NASDAQ:SCVL opened at $19.59 on Friday. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92. The company’s 50 day moving average is $18.81 and its 200 day moving average is $25.06. The company has a market cap of $535.43 million, a PE ratio of 7.20 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $277.72 million for the quarter, compared to the consensus estimate of $285.16 million. During the same quarter in the prior year, the company earned $0.64 EPS. Shoe Carnival’s quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.06%. Shoe Carnival’s dividend payout ratio (DPR) is presently 25.10%.

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.