30,000 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,000 shares of the textile maker's stock, valued at approximately $1,269,000.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Steven Madden by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,024,238 shares of the textile maker's stock worth $43,018,000 after buying an additional 26,177 shares in the last quarter. Seven Eight Capital LP boosted its position in Steven Madden by 902.5% during the first quarter. Seven Eight Capital LP now owns 49,265 shares of the textile maker's stock valued at $2,083,000 after purchasing an additional 44,351 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Steven Madden by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 48,840 shares of the textile maker's stock valued at $2,066,000 after purchasing an additional 35,761 shares during the last quarter. Corient Private Wealth LLC bought a new position in Steven Madden in the fourth quarter worth about $809,000. Finally, Quantbot Technologies LP bought a new position in Steven Madden in the first quarter worth about $1,968,000. Hedge funds and other institutional investors own 99.88% of the company's stock.

Insider Transactions at Steven Madden

In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the company's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $44.91, for a total value of $449,100.00. Following the sale, the insider now directly owns 86,658 shares of the company's stock, valued at $3,891,810.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Karla Frieders sold 10,000 shares of Steven Madden stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $44.91, for a total transaction of $449,100.00. Following the completion of the transaction, the insider now directly owns 86,658 shares in the company, valued at $3,891,810.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Migliorini sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total value of $131,430.00. Following the completion of the sale, the director now owns 16,006 shares in the company, valued at approximately $701,222.86. The disclosure for this sale can be found here. Insiders have sold 14,600 shares of company stock worth $651,586 over the last 90 days. 2.08% of the stock is currently owned by company insiders.

Steven Madden Stock Performance

Shares of NASDAQ SHOO traded up $1.19 during mid-day trading on Friday, hitting $45.16. The stock had a trading volume of 406,668 shares, compared to its average volume of 722,400. The company has a 50 day moving average of $43.38 and a two-hundred day moving average of $42.38. Steven Madden, Ltd. has a twelve month low of $30.35 and a twelve month high of $47.24. The firm has a market cap of $3.28 billion, a PE ratio of 18.17 and a beta of 1.09.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $523.60 million during the quarter, compared to analysts' expectations of $515.15 million. Steven Madden had a return on equity of 23.49% and a net margin of 8.36%. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts predict that Steven Madden, Ltd. will post 2.62 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, September 13th. Steven Madden's dividend payout ratio (DPR) is currently 34.71%.

Analysts Set New Price Targets

SHOO has been the topic of a number of analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $41.00 price objective on shares of Steven Madden in a research report on Wednesday, August 7th. Piper Sandler reaffirmed a "neutral" rating and issued a $45.00 price target on shares of Steven Madden in a report on Friday. Telsey Advisory Group reiterated a "market perform" rating and set a $44.00 price objective on shares of Steven Madden in a report on Wednesday, July 31st. Finally, BTIG Research boosted their target price on Steven Madden from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Steven Madden has a consensus rating of "Hold" and a consensus price target of $44.29.

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.