Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 404.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,510 shares of the company’s stock after acquiring an additional 2,012 shares during the period. GAMMA Investing LLC’s holdings in Shoe Carnival were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 during the last quarter. Invesco Ltd. boosted its stake in Shoe Carnival by 10.1% during the fourth 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 last quarter. American Century Companies Inc. boosted its stake in Shoe Carnival by 7.4% during the fourth quarter. American Century Companies Inc. now owns 547,366 shares of the company’s stock worth $18,107,000 after buying an additional 37,569 shares during the last quarter. Royce & Associates LP boosted its stake in Shoe Carnival by 13.8% during the fourth quarter. Royce & Associates LP now owns 528,092 shares of the company’s stock worth $17,469,000 after buying an additional 64,239 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Shoe Carnival by 4.7% during the fourth quarter. Northern Trust Corp now owns 507,661 shares of the company’s stock worth $16,793,000 after buying an additional 22,859 shares during the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

NASDAQ SCVL opened at $20.82 on Thursday. The stock’s fifty day moving average is $19.42 and its two-hundred day moving average is $22.76. The firm has a market capitalization of $569.22 million, a P/E ratio of 8.71 and a beta of 1.37. 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 released its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $277.72 million for the quarter, compared to analyst estimates of $285.16 million. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. As a group, sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be given a $0.15 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. Shoe Carnival’s dividend payout ratio is currently 25.10%.

Shoe Carnival 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.