Teza Capital Management LLC Lowers Holdings in Shoe Carnival, Inc. (NASDAQ:SCVL)

Teza Capital Management LLC reduced its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,681 shares of the company’s stock after selling 629 shares during the quarter. Teza Capital Management LLC’s holdings in Shoe Carnival were worth $353,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Shoe Carnival by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,397,109 shares of the company’s stock valued at $46,216,000 after buying an additional 8,826 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Shoe Carnival by 2.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,204,443 shares of the company’s stock valued at $39,843,000 after acquiring an additional 29,280 shares during the period. Invesco Ltd. boosted its position in shares of Shoe Carnival by 10.1% during the 4th 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. Hodges Capital Management Inc. grew its stake 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. Finally, American Century Companies Inc. increased its holdings in shares of Shoe Carnival by 7.4% in the 4th quarter. American Century Companies Inc. now owns 547,366 shares of the company’s stock valued at $18,107,000 after purchasing an additional 37,569 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Stock Up 0.3%

Shares of NASDAQ SCVL opened at $20.13 on Wednesday. The stock has a market capitalization of $550.19 million, a price-to-earnings ratio of 7.40 and a beta of 1.41. Shoe Carnival, Inc. has a 52 week low of $16.14 and a 52 week high of $46.92. The firm has a 50-day moving average price of $19.58 and a 200 day moving average price of $26.55.

Shoe Carnival (NASDAQ:SCVL) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The company had revenue of $262.90 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Equities research analysts expect that Shoe Carnival, Inc. will post 2.6 EPS for the current fiscal year.

Shoe Carnival Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a $0.15 dividend. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 2.98%. Shoe Carnival’s dividend payout ratio is 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.