Boston Partners Has $34.73 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Boston Partners raised its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,597 shares of the textile maker's stock after purchasing an additional 29,095 shares during the quarter. Boston Partners owned approximately 1.14% of Steven Madden worth $34,734,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHOO. Pacer Advisors Inc. acquired a new stake in Steven Madden in the fourth quarter valued at $72,795,000. FMR LLC grew its holdings 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 period. Raymond James Financial Inc. acquired a new position in shares of Steven Madden during the 4th quarter worth approximately $13,652,000. Weiss Asset Management LP acquired a new stake in shares of Steven Madden during the 3rd quarter worth about $12,558,000. Finally, Barclays PLC boosted its holdings in shares of Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock worth $6,819,000 after buying an additional 103,226 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Analyst Upgrades and Downgrades

SHOO has been the topic of several research analyst reports. Loop Capital lowered their price target 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. Telsey Advisory Group lowered their target price on Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Piper Sandler lowered 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. Finally, StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.33.

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Steven Madden Price Performance

SHOO traded up $2.40 on Monday, hitting $27.43. 2,038,812 shares of the stock were exchanged, compared to its average volume of 754,955. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.67 and a beta of 1.06. Steven Madden, Ltd. has a 12 month low of $24.56 and a 12 month high of $50.01. The business has a 50-day moving average of $35.59 and a two-hundred day moving average of $41.67.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm had revenue of $582.32 million during the quarter, compared to analysts' expectations of $550.37 million. Equities research analysts expect 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 was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, March 10th. Steven Madden's payout ratio is 35.74%.

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.