American Century Companies Inc. Acquires 37,569 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

American Century Companies Inc. raised its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,366 shares of the company’s stock after acquiring an additional 37,569 shares during the period. American Century Companies Inc. owned approximately 2.01% of Shoe Carnival worth $18,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCVL. The Manufacturers Life Insurance Company raised its position in Shoe Carnival by 31.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,561 shares of the company’s stock valued at $419,000 after purchasing an additional 2,290 shares in the last quarter. FMR LLC lifted its holdings in Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock worth $187,000 after buying an additional 343 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Shoe Carnival by 22.4% in the third quarter. BNP Paribas Financial Markets now owns 59,739 shares of the company’s stock worth $2,620,000 after acquiring an additional 10,924 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Shoe Carnival by 16.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,069 shares of the company’s stock valued at $2,196,000 after purchasing an additional 6,946 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Shoe Carnival during the third quarter valued at $76,000. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Price Performance

NASDAQ SCVL opened at $21.99 on Tuesday. The stock has a market capitalization of $597.58 million, a P/E ratio of 8.08 and a beta of 1.50. Shoe Carnival, Inc. has a one year low of $20.51 and a one year high of $46.92. The business has a 50 day simple moving average of $24.08 and a 200 day simple moving average of $32.04.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $262.90 million during the quarter, compared to analyst estimates of $277.89 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival announced that its Board of Directors has initiated a stock buyback program on Thursday, December 12th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 7th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. Shoe Carnival’s payout ratio is presently 22.39%.

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.