Rhumbline Advisers Lowers Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Rhumbline Advisers cut its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 22.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,286 shares of the company’s stock after selling 15,715 shares during the period. Rhumbline Advisers owned about 0.20% of Shoe Carnival worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Shoe Carnival by 13.8% during the 4th quarter. Barclays PLC now owns 34,533 shares of the company’s stock valued at $1,143,000 after buying an additional 4,191 shares in the last quarter. Renaissance Technologies LLC raised its stake in Shoe Carnival by 219.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company’s stock valued at $4,925,000 after purchasing an additional 102,200 shares during the period. Raymond James Financial Inc. purchased a new position in Shoe Carnival in the 4th quarter worth approximately $1,075,000. Principal Financial Group Inc. lifted its holdings in Shoe Carnival by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 95,181 shares of the company’s stock worth $3,149,000 after purchasing an additional 3,452 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Shoe Carnival by 4.7% in the 4th 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 owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

SCVL opened at $19.51 on Friday. The stock has a market capitalization of $533.40 million, a price-to-earnings ratio of 8.16 and a beta of 1.41. The company has a fifty day moving average of $18.77 and a 200 day moving average of $24.18. 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 issued 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 net margin of 5.58% and a return on equity of 10.43%. The business had revenue of $277.72 million during the quarter, compared to analysts’ expectations of $285.16 million. During the same period last year, the company posted $0.64 EPS. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

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.