30 Jun Shoe Carnival Sets Stock Buyback Plan
Shoe Carnival, Inc. said it entered into a stock repurchase plan for up to $50 million of its outstanding common stock, which was previously announced on December 10, 2015.
According to a regulatory filing, the company’s designated broker under the Plan has the authority to repurchase up to $21.9 million or 1.1 million shares of the company’s common stock from July 18, 2016 through November 30, 2016, unless terminated earlier in accordance with the terms of the plan. The company may terminate the plan at any time.