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

Neumeier Poma Investment Counsel LLC decreased its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 451,641 shares of the textile maker's stock after selling 38,654 shares during the period. Steven Madden makes up approximately 1.9% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 26th largest holding. Neumeier Poma Investment Counsel LLC owned 0.63% of Steven Madden worth $19,204,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Segall Bryant & Hamill LLC lifted its holdings in shares of Steven Madden by 2.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 573,754 shares of the textile maker's stock worth $24,396,000 after purchasing an additional 13,330 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 54,877 shares during the period. Fox Run Management L.L.C. lifted its position in Steven Madden by 318.5% during the fourth quarter. Fox Run Management L.L.C. now owns 20,290 shares of the textile maker's stock valued at $863,000 after purchasing an additional 15,442 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Steven Madden in the fourth quarter valued at $1,278,000. Finally, American Century Companies Inc. grew its position in Steven Madden by 53.4% during the 4th quarter. American Century Companies Inc. now owns 74,779 shares of the textile maker's stock worth $3,180,000 after purchasing an additional 26,043 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $26.64 on Tuesday. The business has a 50 day simple moving average of $33.94 and a two-hundred day simple moving average of $40.97. The stock has a market capitalization of $1.93 billion, a P/E ratio of 11.34 and a beta of 1.06. Steven Madden, Ltd. has a 12 month low of $24.56 and a 12 month high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share 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 analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. As a group, research analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.15%. Steven Madden's payout ratio is 35.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SHOO. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup cut their price objective on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reduced their price target on Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a report 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 company has an average rating of "Hold" and a consensus price target of $40.33.

Steven Madden 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.