Quantbot Technologies LP Has $1.02 Million Stock Holdings in Shoe Carnival, Inc. $SCVL

Quantbot Technologies LP decreased its stake in shares of Shoe Carnival, Inc. (NASDAQ:SCVL) by 50.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,083 shares of the company’s stock after selling 49,926 shares during the period. Quantbot Technologies LP owned 0.18% of Shoe Carnival worth $1,020,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SCVL. Arrowstreet Capital Limited Partnership lifted its position in Shoe Carnival by 51.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 642,771 shares of the company’s stock worth $12,026,000 after acquiring an additional 219,443 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Shoe Carnival by 2.6% during the second quarter. American Century Companies Inc. now owns 585,175 shares of the company’s stock worth $10,949,000 after acquiring an additional 14,577 shares during the period. Geode Capital Management LLC grew its position in shares of Shoe Carnival by 1.3% in the second quarter. Geode Capital Management LLC now owns 447,456 shares of the company’s stock valued at $8,373,000 after purchasing an additional 5,807 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Shoe Carnival by 1.3% in the third quarter. Hodges Capital Management Inc. now owns 444,302 shares of the company’s stock valued at $9,237,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of Shoe Carnival by 37.9% during the second quarter. Wasatch Advisors LP now owns 366,653 shares of the company’s stock worth $6,860,000 after purchasing an additional 100,832 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SCVL shares. Williams Trading set a $22.00 price target on Shoe Carnival in a report on Thursday, February 26th. Zacks Research lowered Shoe Carnival from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Shoe Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Shoe Carnival Stock Down 2.5%

Shares of NASDAQ:SCVL opened at $19.37 on Friday. Shoe Carnival, Inc. has a 12-month low of $15.21 and a 12-month high of $26.57. The company’s 50 day moving average price is $19.39 and its two-hundred day moving average price is $19.58. The firm has a market cap of $530.35 million, a PE ratio of 9.22 and a beta of 1.34.

Shoe Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Monday, January 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, January 12th. Shoe Carnival’s dividend payout ratio is 28.57%.

Shoe Carnival announced that its board has authorized a stock buyback program on Friday, December 12th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

About Shoe Carnival

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.