CSM Advisors LLC Boosts Stake in Shoe Carnival, Inc.

The institutional investor increased its position in the footwear retailer by over 120% in the third quarter.

Mar. 17, 2026 at 8:19am

Got story updates? Submit your updates here. ›

CSM Advisors LLC, an institutional investor, grew its position in Shoe Carnival, Inc. (NASDAQ:SCVL) by 120.1% during the 3rd quarter, according to a recent disclosure with the Securities & Exchange Commission. The firm now owns 108,555 shares of the company's stock, worth approximately $2.26 million.

Why it matters

This significant increase in CSM Advisors' stake in Shoe Carnival suggests the investment firm sees potential in the footwear retailer's future performance. Shoe Carnival operates over 350 stores across more than 30 states, offering a broad assortment of shoes and accessories for the entire family.

The details

According to the filing, CSM Advisors acquired an additional 59,245 shares of Shoe Carnival during the 3rd quarter, bringing its total position to 108,555 shares. This represents about 0.40% of the company's outstanding stock. The filing also noted that several other hedge funds and institutional investors have also been adjusting their positions in Shoe Carnival in recent quarters.

  • CSM Advisors LLC increased its stake in Shoe Carnival during the 3rd quarter of 2026.

The players

CSM Advisors LLC

An institutional investment firm that manages assets on behalf of clients.

Shoe Carnival, Inc.

A U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family, operating over 350 stores across more than 30 states.

Got photos? Submit your photos here. ›

The takeaway

The significant increase in CSM Advisors' stake in Shoe Carnival suggests the investment firm sees strong potential in the footwear retailer's future performance, despite the company's stock trading below its 52-week high. This could signal growing investor confidence in Shoe Carnival's ability to navigate the evolving retail landscape and capitalize on consumer demand for its diverse product offerings.