Amundi Boosts Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Amundi lifted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 149.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,089 shares of the textile maker's stock after acquiring an additional 25,183 shares during the period. Amundi owned approximately 0.06% of Steven Madden worth $1,734,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Steven Madden in the fourth quarter worth approximately $55,000. Blue Trust Inc. raised its position in Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after buying an additional 339 shares during the last quarter. KBC Group NV lifted its stake in Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock valued at $108,000 after acquiring an additional 561 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 worth $176,000 after acquiring an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock worth $179,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

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Steven Madden Stock Down 3.7 %

SHOO traded down $0.97 on Friday, hitting $25.03. The company's stock had a trading volume of 4,382,070 shares, compared to its average volume of 753,171. The company's 50 day simple moving average is $35.91 and its 200-day simple moving average is $41.85. Steven Madden, Ltd. has a 12 month low of $24.57 and a 12 month high of $50.01. The firm has a market cap of $1.81 billion, a P/E ratio of 10.65 and a beta of 1.06.

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

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.36%. Steven Madden's payout ratio is currently 35.74%.

Analyst Upgrades and Downgrades

SHOO has been the subject of several analyst reports. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Piper Sandler cut 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. Citigroup reduced their price objective on Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Finally, Loop Capital lowered their price objective on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Steven Madden presently has an average rating of "Hold" and an average price target of $40.33.

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.