Sei Investments Co. Has $4.62 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Sei Investments Co. decreased its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,682 shares of the textile maker's stock after selling 19,285 shares during the period. Sei Investments Co. owned 0.15% of Steven Madden worth $4,621,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Steven Madden by 1.7% in the third 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. Pacer Advisors Inc. acquired a new stake in Steven Madden in the 4th quarter worth $72,795,000. Geode Capital Management LLC increased its holdings in shares of Steven Madden by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker's stock worth $83,812,000 after purchasing an additional 49,075 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Steven Madden by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker's stock valued at $47,736,000 after buying an additional 25,903 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Steven Madden by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 837,865 shares of the textile maker's stock valued at $35,626,000 after buying an additional 17,173 shares during the period. 99.88% of the stock is currently owned by institutional investors.

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Steven Madden Price Performance

Shares of SHOO stock traded up $0.45 during trading hours on Friday, hitting $24.10. 3,510,742 shares of the company's stock were exchanged, compared to its average volume of 832,694. Steven Madden, Ltd. has a 52 week low of $22.30 and a 52 week high of $50.01. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 10.26 and a beta of 1.06. The stock's 50-day moving average is $32.66 and its 200-day moving average is $40.49.

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, topping analysts' consensus estimates 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 analyst estimates of $550.37 million. Equities research analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, March 10th. Steven Madden's dividend payout ratio is 35.74%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHOO shares. Telsey Advisory Group lowered their price target on Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Loop Capital reduced their target price on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Steven Madden has an average rating of "Hold" and an average target price of $40.33.

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.