Shoe Carnival (NASDAQ:SCVL) Hits New 1-Year Low - Here's Why

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $17.92 and last traded at $18.49, with a volume of 323929 shares traded. The stock had previously closed at $18.78.

Shoe Carnival Price Performance

The firm's 50 day moving average price is $21.48 and its two-hundred day moving average price is $29.50. The stock has a market cap of $469.04 million, a PE ratio of 6.35 and a beta of 1.35.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 6.12% and a return on equity of 12.52%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Analysts anticipate that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.48%. This is an increase from Shoe Carnival's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival's dividend payout ratio (DPR) is presently 22.39%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SCVL. NBC Securities Inc. grew its position in Shoe Carnival by 145,700.0% during the first quarter. NBC Securities Inc. now owns 1,458 shares of the company's stock worth $32,000 after buying an additional 1,457 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Shoe Carnival in the first quarter valued at approximately $33,000. GAMMA Investing LLC lifted its position in Shoe Carnival by 404.0% during the first quarter. GAMMA Investing LLC now owns 2,510 shares of the company's stock valued at $55,000 after purchasing an additional 2,012 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Shoe Carnival during the 4th quarter valued at $99,000. Finally, SG Americas Securities LLC bought a new stake in shares of Shoe Carnival during the 4th quarter worth $178,000. Institutional investors own 66.05% of the company's stock.

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.