Foundry Partners LLC Buys 14,255 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Foundry Partners LLC increased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 163,990 shares of the company's stock after acquiring an additional 14,255 shares during the period. Foundry Partners LLC owned 0.60% of Shoe Carnival worth $5,425,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Shoe Carnival during the third quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Shoe Carnival in the 3rd quarter valued at $76,000. KLP Kapitalforvaltning AS bought a new position in Shoe Carnival in the 4th quarter worth $99,000. FMR LLC lifted its position 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 acquiring an additional 343 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Shoe Carnival during the 3rd quarter worth $228,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Down 7.3 %

Shares of SCVL stock traded down $1.52 during mid-day trading on Thursday, reaching $19.37. The stock had a trading volume of 126,871 shares, compared to its average volume of 357,016. Shoe Carnival, Inc. has a one year low of $18.07 and a one year high of $46.92. The firm has a market cap of $526.49 million, a PE ratio of 7.10 and a beta of 1.35. The firm's 50 day simple moving average is $22.62 and its 200 day simple moving average is $30.74.

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Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Sell-side analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 12th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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 $0.15 dividend. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.10%. Shoe Carnival's dividend payout ratio (DPR) is currently 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.