Thrivent Financial for Lutherans trimmed its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 39.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,800 shares of the textile maker's stock after selling 36,399 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Steven Madden worth $2,373,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of SHOO. R Squared Ltd purchased a new position in shares of Steven Madden during the 4th quarter worth about $55,000. Blue Trust Inc. lifted its stake in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares during the last quarter. KBC Group NV boosted its position in shares of Steven Madden by 36.5% during the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock valued at $128,000 after buying an additional 805 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Steven Madden by 7.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock worth $179,000 after buying an additional 290 shares during the period. Institutional investors own 99.88% of the company's stock.
Steven Madden Stock Down 0.0 %
SHOO stock traded down $0.01 during trading on Monday, hitting $26.64. 2,062,602 shares of the company's stock traded hands, compared to its average volume of 798,515. The firm 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 1 year low of $24.56 and a 1 year high of $50.01. The business has a fifty day simple moving average of $33.94 and a two-hundred day simple moving average of $40.97.
Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. On average, equities research analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's dividend payout ratio is currently 35.74%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on SHOO shares. Citigroup dropped their price objective on Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group cut their price target 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Loop Capital lowered their price target on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.33.
Check Out Our Latest Stock Report on Steven Madden
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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