Segall Bryant & Hamill LLC boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 573,754 shares of the textile maker's stock after buying an additional 13,330 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.79% of Steven Madden worth $24,396,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of SHOO. Central Pacific Bank Trust Division grew its stake in shares of Steven Madden by 7.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock worth $179,000 after acquiring an additional 290 shares in the last quarter. Moran Wealth Management LLC increased its stake in Steven Madden by 1.6% in the 4th quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker's stock valued at $898,000 after buying an additional 325 shares during the last quarter. Blue Trust Inc. lifted its position 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 in the last quarter. Xponance Inc. lifted its position in Steven Madden by 12.3% during the 4th quarter. Xponance Inc. now owns 5,320 shares of the textile maker's stock worth $226,000 after buying an additional 584 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Steven Madden by 0.8% in the 4th quarter. New York State Teachers Retirement System now owns 79,672 shares of the textile maker's stock valued at $3,388,000 after acquiring an additional 652 shares in the last quarter. Institutional investors own 99.88% of the company's stock.
Steven Madden Trading Down 1.7 %
Shares of NASDAQ:SHOO traded down $0.45 on Friday, hitting $26.65. The company had a trading volume of 1,689,812 shares, compared to its average volume of 793,458. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06. The stock has a 50 day moving average price of $34.23 and a 200 day moving average price of $41.11. Steven Madden, Ltd. has a 1-year low of $24.56 and a 1-year high of $50.01.
Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million for the quarter, compared to analysts' expectations of $550.37 million. Sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.21 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.15%. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.
Analyst Upgrades and Downgrades
SHOO has been the subject of several recent research reports. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Citigroup decreased their target price on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Piper Sandler dropped their price target on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Loop Capital lowered their price objective on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.33.
Check Out Our Latest 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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