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

American Century Companies Inc. lifted its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 547,366 shares of the company's stock after purchasing an additional 37,569 shares during the quarter. American Century Companies Inc. owned 2.01% of Shoe Carnival worth $18,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Shoe Carnival during the third quarter worth approximately $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Shoe Carnival during the 3rd quarter valued at $76,000. FMR LLC raised its position in Shoe Carnival by 8.7% in the 3rd quarter. FMR LLC now owns 4,266 shares of the company's stock valued at $187,000 after purchasing an additional 343 shares during the last quarter. Paloma Partners Management Co acquired a new position in Shoe Carnival in the third quarter worth $228,000. Finally, SG Americas Securities LLC bought a new stake in shares of Shoe Carnival during the fourth quarter worth $178,000. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of NASDAQ:SCVL traded up $0.68 during midday trading on Friday, reaching $19.92. The company's stock had a trading volume of 1,399,091 shares, compared to its average volume of 348,656. The business's fifty day simple moving average is $23.38 and its 200-day simple moving average is $31.52. Shoe Carnival, Inc. has a fifty-two week low of $18.07 and a fifty-two week high of $46.92. The company has a market capitalization of $541.33 million, a P/E ratio of 7.32 and a beta of 1.35.

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

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a $0.15 dividend. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival's dividend payout ratio (DPR) is 22.39%.

Shoe Carnival declared that its board has initiated a stock repurchase plan on Thursday, December 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.