Invesco Ltd. Acquires 80,871 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Invesco Ltd. boosted its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 880,047 shares of the company's stock after acquiring an additional 80,871 shares during the quarter. Invesco Ltd. owned approximately 3.24% of Shoe Carnival worth $29,112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCVL. FMR LLC increased its stake in shares of Shoe Carnival by 8.7% during the 3rd quarter. FMR LLC now owns 4,266 shares of the company's stock worth $187,000 after purchasing an additional 343 shares during the last quarter. State Street Corp increased its position in Shoe Carnival by 2.2% during the third quarter. State Street Corp now owns 793,318 shares of the company's stock worth $34,787,000 after buying an additional 17,086 shares during the last quarter. Barclays PLC increased its position in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company's stock worth $1,330,000 after buying an additional 19,868 shares during the last quarter. Geode Capital Management LLC raised its holdings in Shoe Carnival by 2.4% during the third quarter. Geode Capital Management LLC now owns 452,548 shares of the company's stock valued at $19,848,000 after buying an additional 10,761 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Shoe Carnival in the third quarter worth about $530,000. Institutional investors own 66.05% of the company's stock.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.22 during mid-day trading on Wednesday, reaching $18.04. 128,544 shares of the company traded hands, compared to its average volume of 527,455. The company's fifty day moving average is $21.17 and its two-hundred day moving average is $29.17. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The stock has a market cap of $490.24 million, a PE ratio of 6.63 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm had revenue of $262.90 million during the quarter, compared to analysts' expectations of $277.89 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company's revenue was down 6.2% on a year-over-year basis. Research analysts forecast that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.15 per share. This is a positive change from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a yield of 3.33%. Shoe Carnival's payout ratio is currently 22.39%.

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.