Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,803 shares of the company’s stock after selling 2,168 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.27% of Shoe Carnival worth $1,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in Shoe Carnival by 74.6% during the first quarter. Victory Capital Management Inc. now owns 59,947 shares of the company’s stock valued at $1,318,000 after acquiring an additional 25,617 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Shoe Carnival by 79.4% during the 1st quarter. Tectonic Advisors LLC now owns 94,343 shares of the company’s stock valued at $2,075,000 after purchasing an additional 41,750 shares during the last quarter. CWM LLC grew its position in shares of Shoe Carnival by 188.3% during the first quarter. CWM LLC now owns 3,883 shares of the company’s stock valued at $85,000 after purchasing an additional 2,536 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Shoe Carnival by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 209,620 shares of the company’s stock worth $4,610,000 after purchasing an additional 13,838 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Shoe Carnival by 2.6% in the first quarter. Principal Financial Group Inc. now owns 97,677 shares of the company’s stock worth $2,148,000 after purchasing an additional 2,496 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Trading Down 2.2%

Shares of Shoe Carnival stock opened at $20.46 on Friday. The stock has a 50 day moving average of $20.21 and a 200 day moving average of $21.50. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The firm has a market cap of $559.38 million, a PE ratio of 8.56 and a beta of 1.37.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $277.72 million for the quarter, compared to analysts’ expectations of $285.16 million. Shoe Carnival had a return on equity of 10.43% and a net margin of 5.58%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. As a group, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were given a dividend of $0.15 per share. The ex-dividend date was Monday, July 7th. This represents a $0.60 annualized dividend and a yield of 2.9%. Shoe Carnival’s dividend payout ratio (DPR) is 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.