Dimensional Fund Advisors LP Sells 68,941 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL)

Dimensional Fund Advisors LP reduced its holdings in Shoe Carnival, Inc. (NASDAQ:SCVL) by 3.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,958,740 shares of the company’s stock after selling 68,941 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Shoe Carnival worth $64,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of Shoe Carnival by 0.8% in the fourth quarter. Sei Investments Co. now owns 56,940 shares of the company’s stock worth $1,884,000 after buying an additional 437 shares during the period. Sterling Capital Management LLC grew its position in Shoe Carnival by 5.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,284 shares of the company’s stock valued at $307,000 after acquiring an additional 511 shares during the last quarter. Geode Capital Management LLC increased its stake in Shoe Carnival by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 454,332 shares of the company’s stock worth $15,032,000 after purchasing an additional 1,784 shares during the period. XTX Topco Ltd lifted its position in shares of Shoe Carnival by 29.1% during the fourth quarter. XTX Topco Ltd now owns 8,704 shares of the company’s stock worth $288,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Shoe Carnival by 21.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,404 shares of the company’s stock valued at $410,000 after purchasing an additional 2,206 shares during the period. Institutional investors own 66.05% of the company’s stock.

Shoe Carnival Price Performance

Shoe Carnival stock opened at $17.36 on Friday. The stock has a market cap of $471.76 million, a price-to-earnings ratio of 6.38 and a beta of 1.35. The firm has a 50-day moving average of $20.40 and a two-hundred day moving average of $28.22. Shoe Carnival, Inc. has a 1 year low of $16.14 and a 1 year high of $46.92.

Shoe Carnival (NASDAQ:SCVL) last issued its earnings results on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $262.90 million during the quarter, compared to analysts’ expectations of $277.89 million. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. Research analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current 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 issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.60 annualized dividend and a dividend yield of 3.46%. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s payout ratio is currently 22.39%.

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 operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.