Fox Run Management L.L.C. raised its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 318.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,290 shares of the textile maker's stock after buying an additional 15,442 shares during the quarter. Fox Run Management L.L.C.'s holdings in Steven Madden were worth $863,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Steven Madden in the fourth quarter valued at approximately $55,000. Blue Trust Inc. grew its stake in Steven Madden by 20.9% during the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after buying an additional 339 shares during the last quarter. KBC Group NV increased its position in Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after buying an additional 805 shares during the period. Smartleaf Asset Management LLC lifted its stake in Steven Madden by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after buying an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Steven Madden by 7.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock valued at $179,000 after acquiring an additional 290 shares during the period. Institutional investors own 99.88% of the company's stock.
Wall Street Analysts Forecast Growth
SHOO has been the topic of several recent research reports. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Citigroup cut their price target on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Piper Sandler lowered their price target on Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Telsey Advisory Group lowered their price objective on shares of 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. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.33.
Read Our Latest Report on Steven Madden
Steven Madden Trading Down 1.7 %
SHOO stock traded down $0.45 on Friday, hitting $26.65. 1,689,812 shares of the company's stock traded hands, compared to its average volume of 793,458. Steven Madden, Ltd. has a 1-year low of $24.56 and a 1-year high of $50.01. The stock has a fifty day moving average of $34.23 and a 200-day moving average of $41.13. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06.
Steven Madden (NASDAQ:SHOO - Get Free Report) last announced 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 analysts' expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. On average, equities 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 was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.21 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.15%. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.
About Steven Madden
(
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.
Recommended Stories
Before you consider Steven Madden, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steven Madden wasn't on the list.
While Steven Madden currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
