Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,001 shares of the company's stock after purchasing an additional 12,445 shares during the period. Rhumbline Advisers owned 0.25% of Shoe Carnival worth $2,283,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its position in Shoe Carnival by 6.0% during the third quarter. New York State Teachers Retirement System now owns 23,545 shares of the company's stock valued at $1,032,000 after acquiring an additional 1,341 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Shoe Carnival during the 3rd quarter valued at $237,000. Victory Capital Management Inc. boosted its position in shares of Shoe Carnival by 138.3% in the 3rd quarter. Victory Capital Management Inc. now owns 59,239 shares of the company's stock worth $2,598,000 after purchasing an additional 34,382 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Shoe Carnival by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 129,459 shares of the company's stock worth $5,677,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Shoe Carnival during the 3rd quarter worth $606,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Performance

NASDAQ SCVL traded up $0.28 on Friday, reaching $22.71. 413,678 shares of the company's stock traded hands, compared to its average volume of 422,937. The stock has a 50 day moving average price of $27.24 and a 200-day moving average price of $34.40. The firm has a market cap of $617.17 million, a price-to-earnings ratio of 8.35 and a beta of 1.50. Shoe Carnival, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $46.92.

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Shoe Carnival announced that its Board of Directors has initiated a share buyback program on Thursday, December 12th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Shoe Carnival Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Shoe Carnival from a "sell" rating to a "hold" rating in a research report 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.