Envestnet Asset Management Inc. trimmed its stake in Shoe Carnival, Inc. (NASDAQ:SCVL – Get Rating) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 127,708 shares of the company's stock after selling 1,534 shares during the period. Envestnet Asset Management Inc. owned about 0.46% of Shoe Carnival worth $2,760,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Shoe Carnival by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,032,032 shares of the company's stock valued at $59,255,000 after purchasing an additional 24,838 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Shoe Carnival by 6.9% in the first quarter. Vanguard Group Inc. now owns 1,527,571 shares of the company's stock valued at $44,545,000 after purchasing an additional 97,942 shares in the last quarter. LSV Asset Management grew its holdings in shares of Shoe Carnival by 2.0% in the first quarter. LSV Asset Management now owns 419,524 shares of the company's stock valued at $12,233,000 after purchasing an additional 8,100 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Shoe Carnival by 7.0% in the second quarter. Hodges Capital Management Inc. now owns 291,794 shares of the company's stock valued at $6,305,000 after purchasing an additional 19,142 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Shoe Carnival by 18.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 263,462 shares of the company's stock valued at $5,693,000 after purchasing an additional 41,420 shares in the last quarter. 64.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Shoe Carnival news, Director Andrea R. Guthrie sold 1,665 shares of the business's stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $24.04, for a total transaction of $40,026.60. Following the completion of the transaction, the director now owns 26,398 shares in the company, valued at approximately $634,607.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 32.60% of the stock is currently owned by company insiders.

Shoe Carnival Stock Performance

Shoe Carnival (NASDAQ:SCVL – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). Shoe Carnival had a return on equity of 27.73% and a net margin of 9.48%. The firm had revenue of $312.27 million for the quarter, compared to analyst estimates of $351.16 million. During the same quarter last year, the firm earned $1.54 EPS. On average, research analysts forecast that Shoe Carnival, Inc. will post 3.86 EPS for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, October 3rd. Shoe Carnival's dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Shoe Carnival in a report on Wednesday, October 12th. They issued a "hold" rating for the company.

Shoe Carnival Profile

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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. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner.

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