Versor Investments LP acquired a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,300 shares of the textile maker's stock, valued at approximately $566,000.
Other large investors have also bought and sold shares of the company. Central Pacific Bank Trust Division increased its holdings in 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 valued at $179,000 after purchasing an additional 290 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after buying an additional 339 shares during the period. KBC Group NV raised its stake in Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock worth $108,000 after buying an additional 561 shares during the period. New York State Teachers Retirement System lifted its holdings in Steven Madden by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 79,672 shares of the textile maker's stock worth $3,388,000 after acquiring an additional 652 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in Steven Madden during the 3rd quarter worth approximately $36,000. 99.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SHOO. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Piper Sandler decreased their target price 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. Citigroup dropped their target price on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Telsey Advisory Group dropped 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 research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.33.
View Our Latest Stock Report on SHOO
Steven Madden Stock Down 1.5 %
Shares of Steven Madden stock traded down $0.44 on Wednesday, hitting $29.01. The stock had a trading volume of 1,316,501 shares, compared to its average volume of 726,135. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 12.34 and a beta of 1.07. Steven Madden, Ltd. has a twelve month low of $28.40 and a twelve month high of $50.01. The business's 50 day moving average is $39.57 and its two-hundred day moving average is $43.30.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $582.32 million for the quarter, compared to analysts' expectations of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. As a group, 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.90%. Steven Madden's payout ratio is 35.74%.
Steven Madden Company 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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