AlphaQuest LLC lifted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 248.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,135 shares of the textile maker's stock after purchasing an additional 20,769 shares during the period. AlphaQuest LLC's holdings in Steven Madden were worth $1,239,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the business. Amundi lifted its holdings in Steven Madden by 149.0% in the fourth quarter. Amundi now owns 42,089 shares of the textile maker's stock valued at $1,734,000 after buying an additional 25,183 shares during the period. Edgestream Partners L.P. lifted its holdings in Steven Madden by 35.7% in the fourth quarter. Edgestream Partners L.P. now owns 182,837 shares of the textile maker's stock valued at $7,774,000 after buying an additional 48,121 shares during the period. Vestmark Advisory Solutions Inc. lifted its holdings in Steven Madden by 20.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,407 shares of the textile maker's stock valued at $230,000 after buying an additional 902 shares during the period. Raymond James Financial Inc. acquired a new position in Steven Madden in the fourth quarter valued at $13,652,000. Finally, Cookson Peirce & Co. Inc. lifted its holdings in Steven Madden by 16.0% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 13,504 shares of the textile maker's stock valued at $574,000 after buying an additional 1,861 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.
Steven Madden Trading Down 1.8 %
SHOO opened at $28.89 on Monday. The company has a fifty day moving average price of $38.78 and a two-hundred day moving average price of $42.99. The company has a market cap of $2.09 billion, a P/E ratio of 12.29 and a beta of 1.06. Steven Madden, Ltd. has a 1-year low of $27.85 and a 1-year high of $50.01.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. On average, research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden's payout ratio is presently 35.74%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on SHOO shares. Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Loop Capital dropped their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Citigroup decreased their price target on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.33.
View Our Latest Research Report on Steven Madden
Steven Madden Company 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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