Graham Capital Management L.P. Purchases New Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Graham Capital Management L.P. purchased a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,977 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival during the fourth quarter worth $99,000. SG Americas Securities LLC acquired a new position in Shoe Carnival during the fourth quarter worth $178,000. 1492 Capital Management LLC acquired a new position in Shoe Carnival during the fourth quarter worth $215,000. Price T Rowe Associates Inc. MD raised its holdings in Shoe Carnival by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock worth $225,000 after purchasing an additional 987 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Shoe Carnival during the fourth quarter worth $233,000. 66.05% of the stock is currently owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $20.26 on Monday. The stock has a fifty day moving average price of $19.64 and a 200 day moving average price of $26.69. The stock has a market cap of $553.75 million, a PE ratio of 7.45 and a beta of 1.41. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The firm had revenue of $262.90 million during the quarter, compared to analysts’ expectations of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. Shoe Carnival’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 7th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.96%. Shoe Carnival’s payout ratio is currently 22.39%.

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.