abrdn plc Has $19.67 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

abrdn plc decreased its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 17.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 459,572 shares of the textile maker's stock after selling 98,443 shares during the period. abrdn plc owned about 0.64% of Steven Madden worth $19,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Steven Madden in the 3rd quarter worth approximately $36,000. Exchange Traded Concepts LLC acquired a new stake in shares of Steven Madden during the 3rd quarter valued at $59,000. R Squared Ltd acquired a new stake in shares of Steven Madden during the 4th quarter valued at $55,000. GAMMA Investing LLC boosted its stake in shares of Steven Madden by 80.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker's stock valued at $65,000 after buying an additional 593 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock valued at $79,000 after buying an additional 785 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday. Citigroup decreased their target price on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Piper Sandler decreased their target price 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 decreased their target price on shares of Steven Madden from $50.00 to $44.00 and set a "market perform" rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.33.

Steven Madden Trading Down 1.1 %

SHOO traded down $0.41 during trading on Friday, hitting $37.19. The stock had a trading volume of 945,378 shares, compared to its average volume of 656,428. The firm has a market cap of $2.68 billion, a PE ratio of 15.83 and a beta of 1.07. Steven Madden, Ltd. has a 12 month low of $36.88 and a 12 month high of $50.01. The company has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $44.07.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $624.68 million for the quarter, compared to the consensus estimate of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. As a group, sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 2.26%. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

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.