Trexquant Investment LP Has $10.94 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Trexquant Investment LP grew its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 147.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,334 shares of the textile maker's stock after acquiring an additional 153,280 shares during the period. Trexquant Investment LP owned 0.36% of Steven Madden worth $10,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SHOO. Vanguard Group Inc. boosted its stake in Steven Madden by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker's stock worth $344,299,000 after purchasing an additional 54,877 shares in the last quarter. State Street Corp raised its holdings 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 valued at $135,020,000 after buying an additional 47,017 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Steven Madden during the 4th quarter worth about $72,795,000. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 49,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Steven Madden by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker's stock valued at $47,736,000 after acquiring an additional 25,903 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Stock Performance

NASDAQ:SHOO traded down $1.93 during trading hours on Monday, hitting $22.17. The stock had a trading volume of 688,032 shares, compared to its average volume of 833,667. The business's 50 day moving average is $32.66 and its 200-day moving average is $40.39. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 9.40 and a beta of 0.98. Steven Madden, Ltd. has a one year low of $21.99 and a one year high of $50.01.

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 the consensus estimate of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The business had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. On average, sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.79%. Steven Madden's payout ratio is 35.74%.

Analyst Ratings Changes

SHOO has been the topic of several research analyst reports. Telsey Advisory Group decreased their price target on shares of 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. Loop Capital lowered their target price on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Finally, Citigroup dropped their price target 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. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.