American Century Companies Inc. Has $3.18 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

American Century Companies Inc. increased its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 53.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,779 shares of the textile maker's stock after purchasing an additional 26,043 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Steven Madden worth $3,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Steven Madden in the fourth quarter worth approximately $55,000. Blue Trust Inc. boosted its stake in Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares during the period. KBC Group NV grew its position in Steven Madden by 36.5% during the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after purchasing an additional 805 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after purchasing an additional 741 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in Steven Madden by 7.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock valued at $179,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

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Steven Madden Trading Down 1.8 %

NASDAQ SHOO traded down $0.38 during trading on Friday, reaching $20.80. The company's stock had a trading volume of 1,914,451 shares, compared to its average volume of 880,475. The business has a 50-day moving average price of $29.98 and a 200-day moving average price of $39.20. Steven Madden, Ltd. has a 1-year low of $17.12 and a 1-year high of $50.01. The stock has a market capitalization of $1.51 billion, a PE ratio of 8.85 and a beta of 0.98.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. As a group, analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 4.04%. Steven Madden's dividend payout ratio (DPR) is currently 35.74%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHOO. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Loop Capital dropped their target price on Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Steven Madden presently has an average rating of "Hold" and a consensus target price of $37.83.

Steven Madden 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.