Steven Madden, Ltd. (NASDAQ:SHOO) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122,680 shares of the textile maker's stock after purchasing an additional 25,903 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.56% of Steven Madden worth $47,736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Steven Madden during the 3rd quarter valued at approximately $36,000. R Squared Ltd acquired a new position in Steven Madden during the 4th quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in Steven Madden by 20.9% during the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after acquiring an additional 339 shares in the last quarter. KBC Group NV raised its stake in Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock valued at $108,000 after acquiring an additional 561 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $176,000 after acquiring an additional 741 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Trading Down 1.7 %

Shares of Steven Madden stock traded down $0.45 on Tuesday, reaching $25.31. 1,553,134 shares of the company were exchanged, compared to its average volume of 731,733. The stock has a fifty day moving average price of $36.85 and a 200-day moving average price of $42.21. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.77 and a beta of 1.06. Steven Madden, Ltd. has a fifty-two week low of $24.97 and a fifty-two week high of $50.01.

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Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. On average, equities analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.32%. Steven Madden's dividend payout ratio is 35.74%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Telsey Advisory Group cut their target price 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. Citigroup cut their target price on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Piper Sandler dropped their price objective on Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital dropped their price objective on 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.33.

About Steven Madden

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.