Wasatch Advisors LP Buys 39,560 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Wasatch Advisors LP boosted its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,247 shares of the company's stock after acquiring an additional 39,560 shares during the period. Wasatch Advisors LP owned 1.13% of Shoe Carnival worth $10,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SCVL. KLP Kapitalforvaltning AS purchased a new position in Shoe Carnival in the fourth quarter worth about $99,000. SG Americas Securities LLC purchased a new stake in shares of Shoe Carnival during the 4th quarter valued at about $178,000. FMR LLC lifted its position in 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 purchasing an additional 343 shares during the period. Jump Financial LLC purchased a new stake in Shoe Carnival in the fourth quarter worth approximately $233,000. Finally, Aster Capital Management DIFC Ltd grew its position in Shoe Carnival by 5,059.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 7,120 shares of the company's stock worth $236,000 after purchasing an additional 6,982 shares during the period. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.40 during midday trading on Tuesday, hitting $17.15. 111,150 shares of the stock traded hands, compared to its average volume of 368,777. The firm has a market capitalization of $466.16 million, a P/E ratio of 6.29 and a beta of 1.35. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92. The firm has a 50-day moving average of $21.31 and a two-hundred day moving average of $29.25.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly 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. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business had revenue of $262.90 million during the quarter, compared to the consensus estimate of $277.89 million. During the same period in the previous year, the company posted $0.59 EPS. The business's quarterly revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast 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 was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, April 7th. This is a boost from Shoe Carnival's previous quarterly dividend of $0.14. Shoe Carnival's dividend payout ratio (DPR) 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.