Shoe Carnival, Inc. (NASDAQ:SCVL) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,650 shares of the company’s stock after purchasing an additional 7,436 shares during the quarter. American Century Companies Inc. owned 0.65% of Shoe Carnival worth $4,245,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SCVL. Advisory Services Network LLC increased its position in Shoe Carnival by 124.8% in the first quarter. Advisory Services Network LLC now owns 1,261 shares of the company’s stock worth $32,000 after buying an additional 700 shares during the period. NBC Securities Inc. acquired a new stake in Shoe Carnival in the third quarter worth $44,000. Captrust Financial Advisors increased its position in Shoe Carnival by 54.3% in the first quarter. Captrust Financial Advisors now owns 2,278 shares of the company’s stock worth $66,000 after buying an additional 802 shares during the period. Point72 Hong Kong Ltd increased its position in Shoe Carnival by 14.8% in the second quarter. Point72 Hong Kong Ltd now owns 4,661 shares of the company’s stock worth $101,000 after buying an additional 602 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shoe Carnival by 98.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,072 shares of the company’s stock worth $122,000 after buying an additional 2,512 shares during the period. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Up 2.3 %

Shares of SCVL stock opened at $35.73 on Thursday. The stock has a 50-day simple moving average of $30.00 and a 200 day simple moving average of $26.80. Shoe Carnival, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $37.08. The stock has a market capitalization of $969.35 million, a P/E ratio of 13.33 and a beta of 1.54.

Shoe Carnival (NASDAQ:SCVL) last announced its earnings results on Thursday, March 21st. The company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. The business had revenue of $280.20 million during the quarter, compared to analysts’ expectations of $280.30 million. During the same quarter last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Shoe Carnival, Inc. will post 2.65 earnings per share for the current year.

Shoe Carnival Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a $0.135 dividend. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, April 5th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.51%. Shoe Carnival’s dividend payout ratio (DPR) is 17.91%.

Insider Activity at Shoe Carnival

In related news, EVP Carl N. Scibetta sold 5,415 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the transaction, the executive vice president now owns 118,077 shares in the company, valued at approximately $4,185,829.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 34.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCVL shares. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading raised Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, March 22nd.

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 sells its products through online shopping at shoecarnival.com, as well as through mobile application.