Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,043 shares of the company’s stock after purchasing an additional 6,584 shares during the quarter. Empowered Funds LLC owned about 0.50% of Shoe Carnival worth $4,500,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its stake in Shoe Carnival by 189.7% during the third quarter. Barclays PLC now owns 30,342 shares of the company’s stock valued at $1,330,000 after buying an additional 19,868 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Shoe Carnival by 138.3% in the 3rd quarter. Victory Capital Management Inc. now owns 59,239 shares of the company’s stock valued at $2,598,000 after acquiring an additional 34,382 shares during the last quarter. State Street Corp boosted its position in shares of Shoe Carnival by 2.2% during the 3rd quarter. State Street Corp now owns 793,318 shares of the company’s stock valued at $34,787,000 after purchasing an additional 17,086 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Shoe Carnival by 16.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,069 shares of the company’s stock worth $2,196,000 after purchasing an additional 6,946 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its stake in shares of Shoe Carnival by 20.0% in the 4th quarter. Hodges Capital Management Inc. now owns 581,508 shares of the company’s stock worth $19,236,000 after purchasing an additional 96,753 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Shoe Carnival news, Chairman Wayne J. Weaver bought 285,500 shares of Shoe Carnival stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $33.91 per share, for a total transaction of $9,681,305.00. Following the completion of the acquisition, the chairman now directly owns 4,173,529 shares of the company’s stock, valued at approximately $141,524,368.39. This trade represents a 7.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 34.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Shoe Carnival from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th.

Shoe Carnival Stock Down 0.3 %

Shares of Shoe Carnival stock opened at $25.49 on Wednesday. Shoe Carnival, Inc. has a 12-month low of $24.84 and a 12-month high of $46.92. The firm has a market capitalization of $692.56 million, a PE ratio of 9.37 and a beta of 1.50. The stock’s fifty day moving average is $31.29 and its 200-day moving average is $36.45.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. Shoe Carnival had a return on equity of 12.52% and a net margin of 6.12%. The firm had revenue of $306.90 million for the quarter, compared to the consensus estimate of $316.97 million. During the same quarter in the previous year, the company earned $0.80 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 12th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Monday, January 13th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, January 13th. Shoe Carnival’s dividend payout ratio is 19.85%.

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.