Shoe Carnival, Inc. (NASDAQ:SCVL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,348 shares of the company’s stock after selling 32,867 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Shoe Carnival were worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its position in shares of Shoe Carnival by 392.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,300 shares of the company’s stock valued at $39,000 after acquiring an additional 1,036 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in Shoe Carnival in the 1st quarter valued at approximately $240,000. Louisiana State Employees Retirement System purchased a new stake in Shoe Carnival in the fourth quarter valued at approximately $272,000. BOKF NA acquired a new position in Shoe Carnival during the first quarter worth $308,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Shoe Carnival during the first quarter worth $335,000. 66.05% of the stock is owned by institutional investors and hedge funds.

Shoe Carnival Stock Performance

Shares of NASDAQ SCVL traded up $0.67 during trading on Tuesday, reaching $42.31. The stock had a trading volume of 3,986 shares, compared to its average volume of 200,876. The business’s 50-day moving average price is $37.72 and its 200-day moving average price is $33.82. Shoe Carnival, Inc. has a fifty-two week low of $19.87 and a fifty-two week high of $42.50. The company has a market cap of $1.15 billion, a P/E ratio of 15.37 and a beta of 1.49.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. The company had revenue of $300.37 million for the quarter, compared to analyst estimates of $292.38 million. Analysts forecast that Shoe Carnival, Inc. will post 2.65 EPS for the current fiscal year.

Shoe Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a $0.135 dividend. The ex-dividend date was Monday, July 8th. This represents a $0.54 annualized dividend and a dividend yield of 1.28%. Shoe Carnival’s dividend payout ratio (DPR) is 19.93%.

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.