Quantbot Technologies LP Buys 52,077 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Quantbot Technologies LP raised its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 15,974.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,403 shares of the company's stock after purchasing an additional 52,077 shares during the quarter. Quantbot Technologies LP owned approximately 0.19% of Shoe Carnival worth $1,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCVL. 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 acquiring an additional 343 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Shoe Carnival during the 3rd quarter valued at about $62,000. Quarry LP bought a new position in shares of Shoe Carnival in the 3rd quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Shoe Carnival in the 3rd quarter valued at about $76,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Shoe Carnival by 31.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,561 shares of the company's stock worth $419,000 after buying an additional 2,290 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company's stock.

Shoe Carnival Price Performance

Shares of NASDAQ SCVL traded down $0.15 during midday trading on Friday, reaching $22.00. 519,304 shares of the stock were exchanged, compared to its average volume of 338,434. The company has a market capitalization of $597.85 million, a price-to-earnings ratio of 8.09 and a beta of 1.50. Shoe Carnival, Inc. has a 12 month low of $20.51 and a 12 month high of $46.92. The business has a 50-day simple moving average of $24.24 and a two-hundred day simple moving average of $32.27.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The business had revenue of $262.90 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.59 EPS. Equities research analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Increases Dividend

The firm 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 a positive change from Shoe Carnival's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival's payout ratio is presently 22.39%.

Shoe Carnival declared that its board has authorized a share buyback plan on Thursday, December 12th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.