Hussman Strategic Advisors Inc. purchased a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,000 shares of the textile maker's stock, valued at approximately $1,786,000. Hussman Strategic Advisors Inc. owned 0.06% of Steven Madden at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in SHOO. Gladius Capital Management LP acquired a new position in Steven Madden during the third quarter valued at approximately $36,000. R Squared Ltd acquired a new stake in shares of Steven Madden in the 4th quarter valued at $55,000. Exchange Traded Concepts LLC acquired a new stake in shares of Steven Madden in the 3rd quarter valued at $59,000. Blue Trust Inc. raised its holdings in shares of Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock worth $79,000 after buying an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Steven Madden by 4,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker's stock worth $94,000 after buying an additional 1,872 shares during the last quarter. Institutional investors own 99.88% of the company's stock.
Steven Madden Stock Down 1.2 %
Shares of NASDAQ SHOO traded down $0.47 during trading on Friday, reaching $38.23. The company had a trading volume of 721,627 shares, compared to its average volume of 699,280. The stock has a market cap of $2.76 billion, a P/E ratio of 16.27 and a beta of 1.07. The company's fifty day moving average price is $40.83 and its 200-day moving average price is $43.74. Steven Madden, Ltd. has a 12 month low of $36.40 and a 12 month high of $50.01.
Steven Madden Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, December 13th. Steven Madden's payout ratio is presently 35.74%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SHOO shares. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Telsey Advisory Group reissued a "market perform" rating and issued a $44.00 price objective on shares of Steven Madden in a research note on Friday, February 14th. StockNews.com lowered shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Citigroup lowered their price target on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Steven Madden has a consensus rating of "Hold" and a consensus price target of $43.33.
View Our Latest Stock Report on SHOO
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.
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