Cubist Systematic Strategies LLC Raises Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Cubist Systematic Strategies LLC raised its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 190.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,986 shares of the company’s stock after purchasing an additional 30,163 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of Shoe Carnival worth $1,521,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCVL. BOKF NA lifted its stake in shares of Shoe Carnival by 31.8% during the 4th quarter. BOKF NA now owns 16,230 shares of the company’s stock worth $493,000 after purchasing an additional 3,917 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Shoe Carnival by 2.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 240,543 shares of the company’s stock worth $7,957,000 after buying an additional 6,584 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Shoe Carnival in the fourth quarter worth $313,000. BNP Paribas Financial Markets raised its holdings in shares of Shoe Carnival by 241.2% during the fourth quarter. BNP Paribas Financial Markets now owns 203,805 shares of the company’s stock worth $6,742,000 after purchasing an additional 144,066 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Shoe Carnival by 148.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 14,900 shares of the company’s stock worth $493,000 after purchasing an additional 8,900 shares during the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

SCVL opened at $19.58 on Tuesday. 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 fifty day moving average of $19.88 and a two-hundred day moving average of $27.13. The stock has a market capitalization of $532.09 million, a price-to-earnings ratio of 7.20 and a beta of 1.41.

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

Shoe Carnival Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, April 7th. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. Shoe Carnival’s payout ratio is 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.