Sherbrooke Park Advisers LLC Sells 4,531 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Sherbrooke Park Advisers LLC decreased its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,432 shares of the company’s stock after selling 4,531 shares during the period. Sherbrooke Park Advisers LLC owned 0.05% of Shoe Carnival worth $477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Shoe Carnival during the 4th quarter valued at about $99,000. SG Americas Securities LLC acquired a new position in Shoe Carnival during the 4th quarter worth approximately $178,000. 1492 Capital Management LLC acquired a new position in Shoe Carnival during the 4th quarter worth approximately $215,000. Price T Rowe Associates Inc. MD raised its stake in 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 buying an additional 987 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Shoe Carnival during the 4th quarter worth approximately $231,000. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Performance

SCVL stock opened at $20.26 on Friday. The stock’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $26.75. Shoe Carnival, Inc. has a fifty-two week low of $16.14 and a fifty-two week high of $46.92. The company has a market cap of $553.75 million, a P/E ratio of 7.45 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.54 earnings per share 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 business had revenue of $262.90 million for the quarter, compared to the consensus estimate of $277.89 million. During the same period in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Monday, April 7th. This is a positive change 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.