Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC reduced its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,681 shares of the company’s stock after selling 629 shares during the period. Teza Capital Management LLC’s holdings in Shoe Carnival were worth $353,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Shoe Carnival during the fourth quarter worth $99,000. SG Americas Securities LLC purchased a new stake in Shoe Carnival during the fourth quarter worth approximately $178,000. 1492 Capital Management LLC acquired a new position in Shoe Carnival in the fourth quarter valued at approximately $215,000. Price T Rowe Associates Inc. MD raised its holdings in Shoe Carnival by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,795 shares of the company’s stock worth $225,000 after purchasing an additional 987 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of Shoe Carnival during the 4th quarter worth approximately $231,000. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Trading Up 0.3%

Shares of Shoe Carnival stock opened at $20.13 on Wednesday. The company has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $26.55. Shoe Carnival, Inc. has a 12-month low of $16.14 and a 12-month high of $46.92. The stock has a market cap of $550.19 million, a price-to-earnings ratio of 7.40 and a beta of 1.41.

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

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.98%. 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 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.