New York State Common Retirement Fund Raises Stock Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

New York State Common Retirement Fund boosted its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,622 shares of the company's stock after purchasing an additional 11,800 shares during the period. New York State Common Retirement Fund owned about 0.13% of Shoe Carnival worth $1,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCVL. Barclays PLC grew its holdings in shares of Shoe Carnival by 189.7% in the third quarter. Barclays PLC now owns 30,342 shares of the company's stock worth $1,330,000 after purchasing an additional 19,868 shares during the last quarter. Victory Capital Management Inc. boosted its position in Shoe Carnival by 138.3% in the 3rd quarter. Victory Capital Management Inc. now owns 59,239 shares of the company's stock valued at $2,598,000 after buying an additional 34,382 shares during the period. State Street Corp boosted its position in Shoe Carnival by 2.2% in the 3rd quarter. State Street Corp now owns 793,318 shares of the company's stock valued at $34,787,000 after buying an additional 17,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Shoe Carnival by 16.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,069 shares of the company's stock worth $2,196,000 after acquiring an additional 6,946 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Shoe Carnival by 20.0% during the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company's stock worth $19,236,000 after acquiring an additional 96,753 shares during the period. 66.05% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com upgraded Shoe Carnival from a "sell" rating to a "hold" rating in a report on Saturday, November 30th.

Shoe Carnival Trading Up 1.3 %

Shares of Shoe Carnival stock traded up $0.28 during trading on Friday, hitting $22.71. 413,678 shares of the stock traded hands, compared to its average volume of 422,937. The stock's fifty day simple moving average is $27.24 and its 200 day simple moving average is $34.40. The firm has a market cap of $617.17 million, a P/E ratio of 8.35 and a beta of 1.50. Shoe Carnival, Inc. has a 52-week low of $20.51 and a 52-week high of $46.92.

Shoe Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, January 13th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, January 13th. Shoe Carnival's dividend payout ratio (DPR) is 19.85%.

Shoe Carnival declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 12th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is 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.