Trexquant Investment LP boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 147.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,334 shares of the textile maker's stock after purchasing 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 quarter.
Several other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Steven Madden in the fourth quarter valued at approximately $55,000. Blue Trust Inc. boosted 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 during the period. KBC Group NV grew its holdings in Steven Madden by 36.5% during the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after acquiring an additional 805 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after acquiring an additional 741 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Steven Madden during the fourth quarter valued at $177,000. 99.88% of the stock is currently owned by institutional investors.
Steven Madden Trading Up 1.9 %
SHOO stock traded up $0.45 during mid-day trading on Friday, reaching $24.10. The company's stock had a trading volume of 3,510,742 shares, compared to its average volume of 832,694. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 10.26 and a beta of 1.06. Steven Madden, Ltd. has a 12 month low of $22.30 and a 12 month high of $50.01. The business's 50 day moving average price is $32.66 and its 200 day moving average price is $40.49.
Steven Madden (NASDAQ:SHOO - Get Free Report) last released its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, equities analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend yield of 3.49%. Steven Madden's dividend payout ratio is presently 35.74%.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. 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 report on Thursday, February 27th. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Citigroup reduced their target price on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, 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. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Steven Madden currently has an average rating of "Hold" and a consensus target price of $40.33.
View Our Latest Stock Analysis on Steven Madden
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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