New Age Alpha Advisors LLC Buys Shares of 32,026 Shoe Carnival, Inc. (NASDAQ:SCVL)

New Age Alpha Advisors LLC purchased a new position in Shoe Carnival, Inc. (NASDAQ:SCVL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,026 shares of the company’s stock, valued at approximately $1,059,000. New Age Alpha Advisors LLC owned approximately 0.12% of Shoe Carnival at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 132,844 shares during the period. Hodges Capital Management Inc. grew its holdings in shares of Shoe Carnival by 20.0% during 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 period. Royce & Associates LP increased its position in shares of Shoe Carnival by 13.8% during the 4th quarter. Royce & Associates LP now owns 528,092 shares of the company’s stock worth $17,469,000 after purchasing an additional 64,239 shares during the last quarter. Quantbot Technologies LP raised its holdings in Shoe Carnival by 15,974.5% in the 4th quarter. Quantbot Technologies LP now owns 52,403 shares of the company’s stock valued at $1,733,000 after buying an additional 52,077 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Shoe Carnival by 25.1% during the fourth quarter. First Eagle Investment Management LLC now owns 255,973 shares of the company’s stock worth $8,468,000 after buying an additional 51,429 shares during the period. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shoe Carnival stock opened at $21.99 on Tuesday. The company’s 50 day simple moving average is $24.08 and its 200-day simple moving average is $32.04. Shoe Carnival, Inc. has a 1 year low of $20.51 and a 1 year high of $46.92. The company has a market capitalization of $597.58 million, a price-to-earnings ratio of 8.08 and a beta of 1.50.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $277.89 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts expect that Shoe Carnival, Inc. will post 2.6 earnings per share for the current year.

Shoe Carnival declared that its board has approved a stock buyback plan on Thursday, December 12th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be given a $0.15 dividend. This is an increase from Shoe Carnival’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, April 7th. Shoe Carnival’s payout ratio 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.