NBC Securities Inc. Increases Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

NBC Securities Inc. increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 145,700.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,458 shares of the company’s stock after buying an additional 1,457 shares during the quarter. NBC Securities Inc.’s holdings in Shoe Carnival were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Shoe Carnival by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company’s stock worth $46,216,000 after buying an additional 8,826 shares in the last quarter. Invesco Ltd. raised its position in Shoe Carnival by 10.1% in the fourth quarter. Invesco Ltd. now owns 880,047 shares of the company’s stock valued at $29,112,000 after purchasing an additional 80,871 shares during the period. American Century Companies Inc. raised its position in Shoe Carnival by 7.4% in the fourth quarter. American Century Companies Inc. now owns 547,366 shares of the company’s stock valued at $18,107,000 after purchasing an additional 37,569 shares during the period. Royce & Associates LP raised its position in Shoe Carnival by 13.8% in the fourth quarter. Royce & Associates LP now owns 528,092 shares of the company’s stock valued at $17,469,000 after purchasing an additional 64,239 shares during the period. Finally, Northern Trust Corp raised its position in Shoe Carnival by 4.7% in the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company’s stock valued at $16,793,000 after purchasing an additional 22,859 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Down 3.6%

NASDAQ:SCVL opened at $19.05 on Friday. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The company has a market capitalization of $520.75 million, a P/E ratio of 7.00 and a beta of 1.41. The stock’s fifty day moving average is $18.78 and its two-hundred day moving average is $24.57.

Shoe Carnival (NASDAQ:SCVL) last posted its earnings results on Friday, May 30th. The company reported $0.34 EPS for the quarter, beating 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 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 previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

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.