Fort Washington Investment Advisors Inc. OH Buys 45,910 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Fort Washington Investment Advisors Inc. OH boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501,457 shares of the textile maker's stock after buying an additional 45,910 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.68% of Steven Madden worth $21,212,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Steven Madden by 4,100.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker's stock worth $69,000 after buying an additional 1,599 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Steven Madden during the fourth quarter valued at approximately $32,000. Yousif Capital Management LLC lifted its position in shares of Steven Madden by 1.8% in the 4th quarter. Yousif Capital Management LLC now owns 35,824 shares of the textile maker's stock valued at $1,505,000 after acquiring an additional 634 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Steven Madden by 24.2% in the 4th quarter. Russell Investments Group Ltd. now owns 84,528 shares of the textile maker's stock worth $3,550,000 after purchasing an additional 16,464 shares during the period. Finally, Victory Capital Management Inc. grew its position in Steven Madden by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,455,980 shares of the textile maker's stock worth $61,151,000 after purchasing an additional 136,171 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

Analyst Upgrades and Downgrades

SHOO has been the subject of a number of research analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $44.00 target price on shares of Steven Madden in a report on Wednesday, July 31st. Piper Sandler reissued a "neutral" rating and issued a $45.00 price objective on shares of Steven Madden in a research note on Friday, August 23rd. BTIG Research boosted their price target on shares of Steven Madden from $50.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, June 6th. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Wedbush restated a "neutral" rating and issued a $41.00 price objective on shares of Steven Madden in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $44.29.

Steven Madden Price Performance

SHOO stock traded up $0.56 on Friday, reaching $45.10. 557,922 shares of the company were exchanged, compared to its average volume of 714,202. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.64 and a beta of 1.09. Steven Madden, Ltd. has a 12 month low of $30.35 and a 12 month high of $47.24. The stock's fifty day moving average price is $43.50 and its 200 day moving average price is $42.51.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted 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. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The company had revenue of $523.60 million for the quarter, compared to the consensus estimate of $515.15 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue was up 17.6% compared to the same quarter last year. As a group, research analysts expect that Steven Madden, Ltd. will post 2.62 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, September 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Steven Madden's dividend payout ratio is currently 34.71%.

Insider Buying and Selling at Steven Madden

In other Steven Madden 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rose Peabody Lynch sold 1,600 shares of the business's stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $44.41, for a total transaction of $71,056.00. Following the completion of the sale, the director now owns 21,303 shares in the company, valued at approximately $946,066.23. The disclosure for this sale can be found here. Insiders have sold 14,600 shares of company stock valued at $651,586 in the last 90 days. 2.08% of the stock is currently owned by company insiders.

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.