Steven Madden, Ltd. (NASDAQ:SHOO) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 286.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,206 shares of the textile maker's stock after purchasing an additional 103,226 shares during the period. Barclays PLC owned about 0.19% of Steven Madden worth $6,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Steven Madden by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 8,232 shares of the textile maker's stock worth $348,000 after acquiring an additional 248 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Steven Madden by 1.2% in the third quarter. Louisiana State Employees Retirement System now owns 35,100 shares of the textile maker's stock valued at $1,720,000 after purchasing an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Steven Madden by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,141 shares of the textile maker's stock valued at $1,698,000 after purchasing an additional 484 shares during the last quarter. KBC Group NV raised its holdings in Steven Madden by 34.1% during the third quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock worth $108,000 after purchasing an additional 561 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Steven Madden by 0.5% during the 2nd quarter. Sei Investments Co. now owns 125,678 shares of the textile maker's stock worth $5,316,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHOO. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Sunday, November 24th. Citigroup boosted their target price on Steven Madden from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Piper Sandler restated a "neutral" rating and set a $45.00 price target on shares of Steven Madden in a research note on Friday, August 23rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Wednesday, November 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.43.

Steven Madden Trading Up 0.4 %

Shares of Steven Madden stock traded up $0.15 during trading hours on Thursday, hitting $42.74. 796,332 shares of the company were exchanged, compared to its average volume of 707,820. The business has a 50-day moving average of $45.02 and a 200-day moving average of $44.69. Steven Madden, Ltd. has a 1 year low of $37.99 and a 1 year high of $50.01. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.19 and a beta of 1.07.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released 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 company had revenue of $624.68 million during the quarter, compared to analysts' expectations of $607.89 million. During the same quarter last year, the business earned $0.88 EPS. The business's revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, December 13th. Steven Madden's payout ratio is 35.74%.

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.