Neumeier Poma Investment Counsel LLC Lowers Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Neumeier Poma Investment Counsel LLC trimmed its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,641 shares of the textile maker's stock after selling 38,654 shares during the quarter. Steven Madden accounts for approximately 1.9% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 26th largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.63% of Steven Madden worth $19,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank increased its holdings in Steven Madden by 3.6% during the third quarter. Swiss National Bank now owns 143,325 shares of the textile maker's stock valued at $7,021,000 after buying an additional 5,000 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Steven Madden by 211.8% during the 3rd quarter. Intech Investment Management LLC now owns 24,663 shares of the textile maker's stock valued at $1,208,000 after purchasing an additional 16,754 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Steven Madden by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,096,777 shares of the textile maker's stock valued at $53,731,000 after acquiring an additional 32,696 shares in the last quarter. Citigroup Inc. grew its position in shares of Steven Madden by 74.0% during the third quarter. Citigroup Inc. now owns 95,334 shares of the textile maker's stock worth $4,670,000 after purchasing an additional 40,550 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Steven Madden by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 728,674 shares of the textile maker's stock valued at $35,698,000 after buying an additional 4,108 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

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Steven Madden Stock Performance

Steven Madden stock traded down $0.25 during trading hours on Monday, hitting $26.40. The company had a trading volume of 454,128 shares, compared to its average volume of 792,245. The firm has a market cap of $1.91 billion, a P/E ratio of 11.23 and a beta of 1.06. The company has a 50-day moving average price of $34.23 and a two-hundred day moving average price of $41.10. Steven Madden, Ltd. has a 1 year low of $24.56 and a 1 year high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released 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 company had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. As a group, equities research analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Monday, March 10th. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

Wall Street Analyst Weigh In

SHOO has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Telsey Advisory Group lowered their target price on Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Loop Capital reduced their price target on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Piper Sandler cut their target price on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Steven Madden currently has a consensus rating of "Hold" and an average 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.