Royce & Associates LP trimmed its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,989 shares of the textile maker's stock after selling 54,932 shares during the quarter. Royce & Associates LP owned about 0.22% of Steven Madden worth $6,633,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of SHOO. R Squared Ltd acquired a new position in shares of Steven Madden in the 4th quarter valued at $55,000. Blue Trust Inc. boosted its holdings in Steven Madden by 20.9% in the fourth 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 during the last quarter. KBC Group NV grew its position in Steven Madden by 34.1% during the third 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 during the period. Smartleaf Asset Management LLC grew its position in Steven Madden by 21.6% during the fourth 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, Central Pacific Bank Trust Division increased its stake in Steven Madden by 7.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock worth $179,000 after acquiring an additional 290 shares during the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on SHOO. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Piper Sandler dropped their price objective on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Loop Capital reduced their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Finally, StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.33.
Get Our Latest Stock Report on SHOO
Steven Madden Stock Performance
Shares of NASDAQ:SHOO traded down $0.97 during trading on Friday, hitting $25.03. The company's stock had a trading volume of 4,420,759 shares, compared to its average volume of 750,496. The company has a market capitalization of $1.81 billion, a PE ratio of 10.65 and a beta of 1.06. Steven Madden, Ltd. has a fifty-two week low of $24.56 and a fifty-two week high of $50.01. The stock's 50-day moving average price is $35.59 and its two-hundred day moving average price is $41.71.
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, beating analysts' consensus estimates 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 analyst estimates of $550.37 million. On average, equities analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's dividend payout ratio is currently 35.74%.
Steven Madden Profile
(
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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