Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 28,100 Steven Madden, Ltd. (NASDAQ:SHOO)

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,100 shares of the textile maker's stock, valued at approximately $1,193,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Steven Madden by 8,180.4% during the third quarter. FMR LLC now owns 535,081 shares of the textile maker's stock worth $26,214,000 after purchasing an additional 528,619 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Steven Madden by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker's stock valued at $83,812,000 after acquiring an additional 49,075 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Steven Madden in the third quarter valued at about $2,614,000. Systematic Financial Management LP lifted its position in Steven Madden by 15.9% during the 3rd quarter. Systematic Financial Management LP now owns 439,126 shares of the textile maker's stock worth $21,513,000 after acquiring an additional 60,276 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Steven Madden by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,096 shares of the textile maker's stock worth $22,638,000 after acquiring an additional 21,942 shares during the period. Hedge funds and other institutional investors own 99.88% of the company's stock.

Steven Madden Stock Performance

Shares of SHOO opened at $37.19 on Monday. The firm has a fifty day moving average of $41.98 and a 200-day moving average of $44.07. Steven Madden, Ltd. has a 1 year low of $36.88 and a 1 year high of $50.01. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 15.83 and a beta of 1.07.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $624.68 million for the quarter, compared to the consensus estimate of $607.89 million. During the same period in the prior year, the business posted $0.88 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. Analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. Steven Madden's dividend payout ratio is presently 35.74%.

Analysts Set New Price Targets

A number of research firms have commented on SHOO. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a report on Thursday. Piper Sandler decreased their target price 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. Telsey Advisory Group reduced their price objective on Steven Madden from $50.00 to $44.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup lowered their target price on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Steven Madden has an average rating of "Hold" and an average price target of $43.33.

About Steven Madden

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.