Semanteon Capital Management LP Takes $1.46 Million Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Semanteon Capital Management LP purchased a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,236 shares of the textile maker's stock, valued at approximately $1,456,000. Steven Madden accounts for about 0.8% of Semanteon Capital Management LP's investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also recently made changes to their positions in SHOO. R Squared Ltd acquired a new stake in shares of Steven Madden in the fourth quarter valued at $55,000. Blue Trust Inc. lifted its position in shares of 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 during the last quarter. KBC Group NV grew its holdings in shares of Steven Madden by 34.1% during the third quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock worth $108,000 after purchasing an additional 561 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after buying an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock valued at $179,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

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Steven Madden Stock Down 0.6 %

Shares of Steven Madden stock traded down $0.17 on Tuesday, hitting $27.26. 1,524,343 shares of the company's stock traded hands, compared to its average volume of 754,900. Steven Madden, Ltd. has a 52-week low of $24.56 and a 52-week high of $50.01. The firm's 50-day moving average is $35.34 and its 200 day moving average is $41.56. The stock has a market cap of $1.97 billion, a P/E ratio of 11.60 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Equities research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.21 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.08%. Steven Madden's dividend payout ratio (DPR) is 35.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Piper Sandler reduced their price objective on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Telsey Advisory Group lowered their target price on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Finally, Loop Capital reduced their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.33.

Steven Madden 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.