Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 240,543 shares of the company’s stock after acquiring an additional 6,584 shares during the quarter. Bridgeway Capital Management LLC owned about 0.89% of Shoe Carnival worth $7,957,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SCVL. Sei Investments Co. boosted its stake in Shoe Carnival by 0.8% during the 4th quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock valued at $1,884,000 after purchasing an additional 437 shares in the last quarter. Sterling Capital Management LLC grew its position in Shoe Carnival by 5.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,284 shares of the company’s stock worth $307,000 after buying an additional 511 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Shoe Carnival by 17.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock worth $225,000 after acquiring an additional 987 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Shoe Carnival by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 454,332 shares of the company’s stock worth $15,032,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Shoe Carnival by 2.5% during the fourth quarter. Stifel Financial Corp now owns 76,196 shares of the company’s stock worth $2,521,000 after purchasing an additional 1,873 shares during the period. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Down 2.9 %

Shares of Shoe Carnival stock opened at $17.21 on Wednesday. The stock has a market cap of $467.68 million, a PE ratio of 6.33 and a beta of 1.41. Shoe Carnival, Inc. has a 12 month low of $16.14 and a 12 month high of $46.92. The business has a fifty day simple moving average of $20.13 and a 200-day simple moving average of $27.68.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.49%. 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. Shoe Carnival’s dividend payout ratio (DPR) is currently 22.39%.

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.