Principal Financial Group Inc. Has $2.15 Million Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Principal Financial Group Inc. grew its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,677 shares of the company’s stock after buying an additional 2,496 shares during the quarter. Principal Financial Group Inc. owned approximately 0.36% of Shoe Carnival worth $2,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sebold Capital Management Inc. increased its stake in shares of Shoe Carnival by 11.2% in the first quarter. Sebold Capital Management Inc. now owns 21,576 shares of the company’s stock valued at $474,000 after buying an additional 2,172 shares in the last quarter. New South Capital Management Inc. increased its stake in shares of Shoe Carnival by 189.9% in the first quarter. New South Capital Management Inc. now owns 699,824 shares of the company’s stock valued at $15,389,000 after buying an additional 458,412 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Shoe Carnival by 16.2% in the first quarter. Copeland Capital Management LLC now owns 1,399,330 shares of the company’s stock valued at $30,771,000 after buying an additional 194,887 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Shoe Carnival by 20.5% in the first quarter. Bessemer Group Inc. now owns 12,325 shares of the company’s stock valued at $271,000 after buying an additional 2,098 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Shoe Carnival by 1.4% in the first quarter. North Star Investment Management Corp. now owns 55,892 shares of the company’s stock valued at $1,229,000 after buying an additional 750 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Stock Down 1.8%

Shares of SCVL stock opened at $20.22 on Friday. The stock has a 50-day moving average price of $19.84 and a 200 day moving average price of $22.09. The firm has a market cap of $552.73 million, a price-to-earnings ratio of 8.46 and a beta of 1.37. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last announced 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 10.43% and a net margin of 5.58%. The firm had revenue of $277.72 million during the quarter, compared to analyst estimates of $285.16 million. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. Sell-side analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, July 7th. Shoe Carnival’s dividend payout ratio (DPR) 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.