State of Tennessee Department of Treasury Has $140,000 Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

State of Tennessee Department of Treasury lessened its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 48.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,224 shares of the company’s stock after selling 3,923 shares during the period. State of Tennessee Department of Treasury’s holdings in Shoe Carnival were worth $140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCVL. JPMorgan Chase & Co. grew its holdings in shares of Shoe Carnival by 215.0% during the fourth quarter. JPMorgan Chase & Co. now owns 194,627 shares of the company’s stock worth $6,438,000 after buying an additional 132,844 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Shoe Carnival by 219.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,868 shares of the company’s stock worth $4,925,000 after acquiring an additional 102,200 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Shoe Carnival by 20.0% in the fourth quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company’s stock valued at $19,236,000 after purchasing an additional 96,753 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Shoe Carnival in the fourth quarter valued at approximately $2,751,000. Finally, Invesco Ltd. lifted its position in shares of Shoe Carnival by 10.1% in the fourth quarter. Invesco Ltd. now owns 880,047 shares of the company’s stock worth $29,112,000 after purchasing an additional 80,871 shares in the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.

Shoe Carnival Trading Down 2.4 %

Shoe Carnival stock opened at $17.73 on Tuesday. Shoe Carnival, Inc. has a 1-year low of $16.14 and a 1-year high of $46.92. The company has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $27.75. The company has a market cap of $481.81 million, a P/E ratio of 6.52 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.54 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $277.89 million. During the same quarter last year, the company earned $0.59 EPS. Shoe Carnival’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a $0.15 dividend. The ex-dividend date was Monday, April 7th. This is a boost from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.38%. 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.