New Age Alpha Advisors LLC Makes New Investment in Shoe Carnival, Inc. (NASDAQ:SCVL)

New Age Alpha Advisors LLC purchased a new position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,026 shares of the company's stock, valued at approximately $1,059,000. New Age Alpha Advisors LLC owned approximately 0.12% of Shoe Carnival at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in Shoe Carnival during the third quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Shoe Carnival in the 3rd quarter valued at approximately $76,000. KLP Kapitalforvaltning AS bought a new position in Shoe Carnival in the 4th quarter worth approximately $99,000. SG Americas Securities LLC acquired a new position in shares of Shoe Carnival during the fourth quarter worth approximately $178,000. Finally, FMR LLC boosted its position in shares of Shoe Carnival by 8.7% in the third quarter. FMR LLC now owns 4,266 shares of the company's stock valued at $187,000 after acquiring an additional 343 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Price Performance

SCVL stock traded up $0.68 on Friday, reaching $19.92. 1,399,091 shares of the company were exchanged, compared to its average volume of 348,656. The firm has a market capitalization of $541.33 million, a PE ratio of 7.32 and a beta of 1.35. Shoe Carnival, Inc. has a 12 month low of $18.07 and a 12 month high of $46.92. The stock's fifty day moving average price is $23.38 and its 200 day moving average price is $31.52.

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Shoe Carnival (NASDAQ:SCVL - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $277.89 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business's revenue was down 6.2% compared to the same quarter last year. As a group, research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

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

Shoe Carnival announced that its board has authorized a share buyback program on Thursday, December 12th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.