Shoe Carnival, Inc. (NASDAQ:SCVL) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 74.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,947 shares of the company’s stock after buying an additional 25,617 shares during the period. Victory Capital Management Inc.’s holdings in Shoe Carnival were worth $1,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its holdings in Shoe Carnival by 0.8% in the fourth quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock worth $1,884,000 after purchasing an additional 437 shares during the period. Sterling Capital Management LLC lifted its stake in Shoe Carnival by 5.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,284 shares of the company’s stock valued at $307,000 after buying an additional 511 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Shoe Carnival by 1.4% in the first quarter. North Star Investment Management Corp. now owns 55,892 shares of the company’s stock worth $1,229,000 after purchasing an additional 750 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $225,000 after purchasing an additional 987 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of Shoe Carnival by 9.1% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,447 shares of the company’s stock worth $445,000 after acquiring an additional 1,123 shares during the last quarter. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shares of SCVL stock opened at $20.92 on Thursday. The stock has a market cap of $571.95 million, a P/E ratio of 8.75 and a beta of 1.37. The stock has a fifty day moving average price of $20.19 and a 200 day moving average price of $21.57. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $277.72 million during 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 revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Equities research analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a $0.15 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.87%. Shoe Carnival’s payout ratio is 25.10%.

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.