Teacher Retirement System of Texas Acquires 52,946 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Teacher Retirement System of Texas boosted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,569 shares of the textile maker's stock after purchasing an additional 52,946 shares during the period. Teacher Retirement System of Texas owned about 0.29% of Steven Madden worth $8,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its stake in Steven Madden by 2.9% in the third quarter. Natixis Advisors LLC now owns 40,735 shares of the textile maker's stock valued at $1,996,000 after buying an additional 1,155 shares in the last quarter. Swiss National Bank lifted its stake in Steven Madden by 3.6% in the 3rd quarter. Swiss National Bank now owns 143,325 shares of the textile maker's stock valued at $7,021,000 after purchasing an additional 5,000 shares during the last quarter. Quest Partners LLC acquired a new stake in Steven Madden in the third quarter valued at approximately $410,000. Intech Investment Management LLC increased its holdings in shares of Steven Madden by 211.8% during the third quarter. Intech Investment Management LLC now owns 24,663 shares of the textile maker's stock worth $1,208,000 after buying an additional 16,754 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Steven Madden by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,096,777 shares of the textile maker's stock worth $53,731,000 after buying an additional 32,696 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHOO. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Telsey Advisory Group reduced their target price on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Loop Capital dropped their price target on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.33.

Steven Madden Price Performance

Shares of Steven Madden stock traded down $0.27 on Thursday, hitting $27.10. 1,429,689 shares of the company's stock traded hands, compared to its average volume of 763,051. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 11.53 and a beta of 1.06. The company has a fifty day moving average of $34.79 and a two-hundred day moving average of $41.35. Steven Madden, Ltd. has a one year low of $24.56 and a one 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 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The company had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Equities research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.10%. 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.