American Century Companies Inc. Has $15.14 Million Stake in Shoe Carnival, Inc. (NASDAQ:SCVL)

American Century Companies Inc. lifted its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 34.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 410,355 shares of the company’s stock after acquiring an additional 105,818 shares during the period. American Century Companies Inc. owned 1.51% of Shoe Carnival worth $15,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Soviero Asset Management LP lifted its stake in shares of Shoe Carnival by 244.3% in the fourth quarter. Soviero Asset Management LP now owns 241,000 shares of the company’s stock worth $7,281,000 after buying an additional 171,000 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Shoe Carnival by 22.2% during the fourth quarter. Wasatch Advisors LP now owns 295,412 shares of the company’s stock valued at $8,924,000 after acquiring an additional 53,702 shares during the period. Empowered Funds LLC grew its position in shares of Shoe Carnival by 40.4% in the first quarter. Empowered Funds LLC now owns 114,073 shares of the company’s stock valued at $4,180,000 after purchasing an additional 32,827 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Shoe Carnival by 16.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 190,953 shares of the company’s stock worth $6,997,000 after purchasing an additional 27,404 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Shoe Carnival by 268.8% during the 4th quarter. BNP Paribas Financial Markets now owns 33,081 shares of the company’s stock worth $999,000 after purchasing an additional 24,110 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

Shoe Carnival Price Performance

NASDAQ:SCVL opened at $45.41 on Friday. Shoe Carnival, Inc. has a one year low of $21.18 and a one year high of $46.92. The company has a fifty day moving average price of $41.01 and a 200 day moving average price of $37.20. The stock has a market cap of $1.23 billion, a P/E ratio of 16.76 and a beta of 1.53.

Shoe Carnival (NASDAQ:SCVL) last released its earnings results on Thursday, September 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. Shoe Carnival had a net margin of 6.26% and a return on equity of 13.26%. The business had revenue of $332.70 million during the quarter, compared to analysts’ expectations of $331.45 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.19%. Shoe Carnival’s payout ratio is 19.93%.

Wall Street Analyst Weigh In

Separately, Williams Trading raised their target price on Shoe Carnival from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

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.