American Century Companies Inc. Boosts Stake in Shoe Carnival, Inc. $SCVL

American Century Companies Inc. raised its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 570,598 shares of the company’s stock after acquiring an additional 23,232 shares during the period. American Century Companies Inc. owned approximately 2.10% of Shoe Carnival worth $12,547,000 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 SCVL. NBC Securities Inc. grew its position in Shoe Carnival by 145,700.0% during the first quarter. NBC Securities Inc. now owns 1,458 shares of the company’s stock valued at $32,000 after acquiring an additional 1,457 shares during the period. Versant Capital Management Inc purchased a new stake in Shoe Carnival during the first quarter valued at about $33,000. GAMMA Investing LLC grew its position in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company’s stock valued at $55,000 after acquiring an additional 2,012 shares during the period. CWM LLC grew its position in 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 acquiring an additional 2,536 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Shoe Carnival by 1,025.8% during the first quarter. US Bancorp DE now owns 4,661 shares of the company’s stock worth $103,000 after purchasing an additional 4,247 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shares of SCVL opened at $22.34 on Tuesday. The stock’s 50-day moving average is $20.69 and its two-hundred day moving average is $20.51. The stock has a market cap of $610.78 million, a PE ratio of 9.35 and a beta of 1.46. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month 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. The company 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 firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.600-2.10 EPS. On average, research analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, July 7th. Shoe Carnival’s payout ratio is currently 25.10%.

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.