ExodusPoint Capital Management LP bought a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 134,656 shares of the textile maker's stock, valued at approximately $5,726,000. ExodusPoint Capital Management LP owned 0.19% of Steven Madden at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Steven Madden in the fourth quarter valued at approximately $72,795,000. FMR LLC lifted its holdings in Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker's stock worth $26,214,000 after buying an additional 528,619 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Steven Madden in the 4th quarter valued at approximately $13,652,000. Norges Bank acquired a new position in shares of Steven Madden in the fourth quarter worth $9,399,000. Finally, Trexquant Investment LP increased its position in shares of Steven Madden by 147.3% during the fourth quarter. Trexquant Investment LP now owns 257,334 shares of the textile maker's stock worth $10,942,000 after acquiring an additional 153,280 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SHOO has been the subject of a number of recent research reports. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Loop Capital decreased their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Finally, Telsey Advisory Group lowered their price target on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $40.33.
Read Our Latest Research Report on Steven Madden
Steven Madden Trading Up 1.9 %
SHOO stock opened at $24.10 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 10.26 and a beta of 0.98. Steven Madden, Ltd. has a twelve month low of $22.24 and a twelve month high of $50.01. The company's 50 day moving average is $32.66 and its two-hundred day moving average is $40.44.
Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $582.32 million during the quarter, compared to analysts' expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. On average, equities research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.
Steven Madden Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, March 10th. Steven Madden's dividend payout ratio (DPR) is 35.74%.
Steven Madden Profile
(
Free Report)
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.
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