JPMorgan Chase & Co. boosted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 26.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 584,068 shares of the textile maker's stock after buying an additional 121,972 shares during the period. JPMorgan Chase & Co. owned approximately 0.81% of Steven Madden worth $24,835,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Steven Madden by 16.0% in the third quarter. Captrust Financial Advisors now owns 7,020 shares of the textile maker's stock worth $344,000 after purchasing an additional 970 shares during the last quarter. State Street Corp lifted its stake in shares of Steven Madden by 1.7% during the 3rd quarter. State Street Corp now owns 2,756,075 shares of the textile maker's stock worth $135,020,000 after acquiring an additional 47,017 shares during the last quarter. Barclays PLC boosted its holdings in Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock valued at $6,819,000 after acquiring an additional 103,226 shares during the period. Geode Capital Management LLC grew its position in Steven Madden by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker's stock valued at $83,812,000 after acquiring an additional 49,075 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Steven Madden by 15.1% in the third quarter. Tidal Investments LLC now owns 17,375 shares of the textile maker's stock worth $851,000 after purchasing an additional 2,278 shares during the period. 99.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SHOO shares. StockNews.com lowered shares of Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Telsey Advisory Group decreased their target price on Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Finally, Citigroup dropped their price target on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $37.83.
View Our Latest Research Report on Steven Madden
Steven Madden Stock Performance
NASDAQ:SHOO traded down $0.28 during midday trading on Tuesday, reaching $20.73. 111,473 shares of the stock traded hands, compared to its average volume of 882,927. The stock has a market capitalization of $1.50 billion, a PE ratio of 8.81 and a beta of 0.98. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $50.01. The business has a 50-day moving average of $29.65 and a two-hundred day moving average of $38.94.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating 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 analyst estimates of $550.37 million. Research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.
Steven Madden Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 4.05%. Steven Madden's dividend payout ratio (DPR) is currently 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.
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