Copeland Capital Management Discloses 1.47M Share Stake in Shoe Carnival

TL;DR

**Copeland Capital Management just revealed a big stake in Shoe Carnival, signaling institutional confidence.**

AI Summary

Copeland Capital Management, LLC, an investment firm based in Conshohocken, PA, reported on January 22, 2024, that it beneficially owns 1,476,733 shares of Shoe Carnival Inc. (NASDAQ: SCVL) common stock as of December 31, 2023. This represents a significant stake, giving Copeland Capital Management sole voting power over 1,182,667 shares and shared dispositive power over all 1,476,733 shares. This matters to investors because a large institutional holder like Copeland Capital Management taking a substantial position can signal confidence in Shoe Carnival's future performance, potentially influencing other investors.

Why It Matters

A major institutional investor taking a significant position in Shoe Carnival can be seen as a vote of confidence, potentially attracting more investment and influencing the stock price positively.

Risk Assessment

Risk Level: low — This filing indicates an institutional investor has taken a significant position, which is generally a positive signal and not inherently risky.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating that Shoe Carnival Inc. is undervalued or has strong growth prospects, and might consider further research into the company's fundamentals.

Key Numbers

• 1,476,733 — Aggregate Shares Beneficially Owned (Total shares of Shoe Carnival Inc. held by Copeland Capital Management, LLC.)
• 1,182,667 — Sole Voting Power Shares (Number of shares over which Copeland Capital Management, LLC has exclusive voting rights.)

Key Players & Entities

• Copeland Capital Management, LLC (company) — the reporting person and institutional investor
• Shoe Carnival Inc. (company) — the subject company whose shares are being reported
• 1,476,733 (dollar_amount) — aggregate shares beneficially owned by Copeland Capital Management
• 1,182,667 (dollar_amount) — shares with sole voting power held by Copeland Capital Management
• December 31, 2023 (date) — date of the event requiring the filing
• January 22, 2024 (date) — date the SC 13G filing was made

Forward-Looking Statements

• Other institutional investors may increase their positions in Shoe Carnival Inc. (Shoe Carnival Inc.) — medium confidence, target: next 6 months
• The stock price of Shoe Carnival Inc. could see a positive sentiment boost. (Shoe Carnival Inc.) — medium confidence, target: next 3 months

FAQ

Filing Documents

• shoecarnival_sc13g.htm (SC 13G) — 68KB
• sc001_v1.jpg (GRAPHIC) — 4KB
• 0001580642-24-000332.txt ( ) — 75KB

From the Filing

SC 13G 1 shoecarnival_sc13g.htm SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ______)* Shoe Carnival (Name of Issuer) Common Stock (Title of Class of Securities) 824889109 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). SCHEDULE 13G CUSIP No. 824889109 1 Names of Reporting Persons Copeland Capital Management, LLC 2 Check the appropriate box if a member of a Group (see instructions) (a) o (b) o 3 Sec Use Only 4 Citizenship or Place of Organization Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 1,182,667 6 Shared Voting Power 7 Sole Dispositive Power 8 Shared Dispositive Power 1,476,733 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,476,733 10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o 11 Percent of class represented by amount in row (9) 5.4% 12 Type of Reporting Person (See Instructions) IA Page 2 of 5 Item 1. (a) Name of Issuer: Shoe Carnival (b) Address of Issuers Principal Executive Offices: 7500 East Columbia Street Evansville, Indiana 47715 Item 2. (a) Name of Person Filing: Sofia A. Rosala (b) Address of Principal Business Office or, if None, Residence: 161 Washington St, Suite 1325, Conshohocken, PA 19428 (c) Citizenship: U.S.A (d) Title and Class of Securities: Common Stock (e) CUSIP No.: 824889109 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) o Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Page 3 of 5 Item 4. (a) Amount Beneficially Owned: 1,476,733 (b) Percent of Class: 5.4% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 1,182,667 (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: 1,476,733 (iv) Shared power to dispose or to direct the disposition of: Item 5. of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial Item 6. of more than Five Percent on Behalf of Another Person. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Item 8. Identification and classification of members of the group. Item 9. Notice of Dissolution of Group. Item 10. Certifications. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 19, 2024 /s/ Signature Name/Title Sofia A. Rosala, General Counsel and CCO The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his auth

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