Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 215.0% in the fourth quarter, Holdings Channel reports. The fund owned 194,627 shares of the company’s stock after purchasing an additional 132,844 shares during the period. JPMorgan Chase & Co.’s holdings in Shoe Carnival were worth $6,438,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SCVL. KLP Kapitalforvaltning AS acquired a new stake in Shoe Carnival during the fourth quarter worth about $99,000. SG Americas Securities LLC acquired a new stake in shares of Shoe Carnival during the 4th quarter worth approximately $178,000. FMR LLC raised its position in shares of Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company’s stock valued at $187,000 after buying an additional 343 shares during the period. Franklin Resources Inc. acquired a new position in Shoe Carnival in the third quarter valued at approximately $530,000. Finally, Raymond James Financial Inc. purchased a new position in Shoe Carnival in the fourth quarter worth approximately $1,075,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Up 3.0 %

NASDAQ:SCVL opened at $17.26 on Friday. Shoe Carnival, Inc. has a 52 week low of $16.53 and a 52 week high of $46.92. The stock’s fifty day moving average is $21.64 and its two-hundred day moving average is $29.75. The company has a market capitalization of $469.04 million, a P/E ratio of 6.35 and a beta of 1.35.

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

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.48%. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival’s dividend payout ratio is 22.39%.

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.