Allspring Global Investments Holdings LLC Has $5.43 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

Allspring Global Investments Holdings LLC reduced its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,825 shares of the company's stock after selling 46,730 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.46% of Shoe Carnival worth $5,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Shoe Carnival during the second quarter worth $41,000. Maryland State Retirement & Pension System bought a new stake in Shoe Carnival during the first quarter worth $240,000. Summit Global Investments bought a new stake in Shoe Carnival during the second quarter worth $244,000. EMC Capital Management raised its position in Shoe Carnival by 11.9% during the first quarter. EMC Capital Management now owns 7,468 shares of the company's stock worth $274,000 after acquiring an additional 793 shares in the last quarter. Finally, Creative Planning bought a new stake in Shoe Carnival during the second quarter worth $281,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Trading Up 2.3 %

Shares of NASDAQ:SCVL traded up $0.80 on Monday, hitting $35.83. The company had a trading volume of 273,122 shares, compared to its average volume of 234,768. Shoe Carnival, Inc. has a 1-year low of $21.18 and a 1-year high of $46.92. The stock has a market cap of $973.07 million, a price-to-earnings ratio of 13.21 and a beta of 1.53. The stock has a 50 day moving average price of $40.92 and a 200 day moving average price of $38.44.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $331.45 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company's quarterly revenue was up 12.9% on a year-over-year basis. Sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a $0.135 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.54 annualized dividend and a dividend yield of 1.51%. Shoe Carnival's dividend payout ratio (DPR) is presently 19.93%.

Analyst Ratings Changes

Separately, Williams Trading upped their price target on shares of Shoe Carnival from $42.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th.

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.