Shoe Carnival (NASDAQ:SCVL) to Repurchase $50.00 million in Outstanding Shares

Shoe Carnival (NASDAQ:SCVL) to Repurchase $50.00 million in Outstanding Shares

Shoe Carnival (NASDAQ:SCVL - Get Free Report) announced that its board has initiated a stock repurchase program on Friday, December 12th, RTT News reports. The company plans to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 9.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is underva…