16,845 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,845 shares of the textile maker's stock, valued at approximately $716,000.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning increased its stake in shares of Steven Madden by 78.7% in the 2nd quarter. Creative Planning now owns 10,791 shares of the textile maker's stock worth $456,000 after purchasing an additional 4,752 shares in the last quarter. GAMMA Investing LLC grew its holdings in Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker's stock valued at $65,000 after purchasing an additional 593 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Steven Madden in the third quarter worth about $59,000. nVerses Capital LLC raised its stake in shares of Steven Madden by 29.7% in the third quarter. nVerses Capital LLC now owns 4,800 shares of the textile maker's stock worth $235,000 after buying an additional 1,100 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Steven Madden by 94.1% in the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock worth $79,000 after buying an additional 785 shares during the period. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Trading Down 1.6 %

SHOO traded down $0.61 during trading hours on Wednesday, hitting $37.63. The company's stock had a trading volume of 643,559 shares, compared to its average volume of 692,377. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 16.01 and a beta of 1.07. The business's 50-day moving average price is $41.65 and its 200-day moving average price is $44.00. Steven Madden, Ltd. has a 12 month low of $36.40 and a 12 month high of $50.01.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. Steven Madden's dividend payout ratio is 35.74%.

Analyst Ratings Changes

SHOO has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Telsey Advisory Group decreased their price objective on shares of Steven Madden from $50.00 to $44.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research note on Thursday, February 6th. Finally, Piper Sandler lowered their price objective on Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $43.33.

Steven Madden Company Profile

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.