William Blair Investment Management LLC Grows Position in Steven Madden, Ltd. (NASDAQ:SHOO)

William Blair Investment Management LLC lifted its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 767,547 shares of the textile maker's stock after acquiring an additional 18,668 shares during the quarter. William Blair Investment Management LLC owned approximately 1.06% of Steven Madden worth $32,636,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Steven Madden in the 4th quarter worth $55,000. Blue Trust Inc. boosted 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 worth $83,000 after buying an additional 339 shares during the last quarter. KBC Group NV boosted its holdings in shares of Steven Madden by 34.1% in 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 last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after buying an additional 741 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Steven Madden by 7.4% in the 4th 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 last quarter. Institutional investors own 99.88% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHOO. 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. 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. Piper Sandler cut their price target on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Loop Capital dropped their price objective 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. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Steven Madden currently has an average rating of "Hold" and a consensus price target of $40.33.

Steven Madden Stock Performance

NASDAQ SHOO traded down $0.97 during trading on Friday, hitting $25.03. 4,420,759 shares of the company's stock traded hands, compared to its average volume of 750,496. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.65 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. The business has a 50 day moving average of $35.59 and a 200-day moving average of $41.71.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. On average, analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

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 3.36%. The ex-dividend date was Monday, March 10th. Steven Madden's payout ratio is 35.74%.

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.