Shoe Carnival, Inc. (NASDAQ:SCVL) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 215.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,627 shares of the company's stock after purchasing an additional 132,844 shares during the period. JPMorgan Chase & Co. owned 0.72% of Shoe Carnival worth $6,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SCVL. KLP Kapitalforvaltning AS acquired a new position in Shoe Carnival during the fourth quarter worth about $99,000. SG Americas Securities LLC purchased a new position in shares of Shoe Carnival during the fourth quarter valued at approximately $178,000. FMR LLC lifted its stake in shares of Shoe Carnival by 8.7% during the third 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. purchased a new position in shares of Shoe Carnival during the third quarter valued at approximately $530,000. Finally, Raymond James Financial Inc. purchased a new position in Shoe Carnival during the fourth quarter worth approximately $1,075,000. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL stock traded up $0.75 during trading hours on Wednesday, reaching $18.57. The company had a trading volume of 94,778 shares, compared to its average volume of 371,181. The stock's fifty day simple moving average is $21.17 and its 200 day simple moving average is $29.17. The company has a market capitalization of $504.64 million, a P/E ratio of 6.83 and a beta of 1.35. Shoe Carnival, Inc. has a twelve month low of $16.14 and a twelve month high of $46.92.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The firm had revenue of $262.90 million for the quarter, compared to analyst estimates 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 for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. Shoe Carnival's dividend payout ratio is presently 22.39%.

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.