7,501 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,501 shares of the textile maker’s stock, valued at approximately $319,000.

A number of other institutional investors also recently modified their holdings of SHOO. Central Pacific Bank Trust Division raised its stake 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 purchasing an additional 290 shares during the last quarter. Moran Wealth Management LLC grew its stake in shares of Steven Madden by 1.6% in the 4th quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker’s stock worth $898,000 after acquiring an additional 325 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 339 shares during the last quarter. Xponance Inc. lifted its position in shares of Steven Madden by 12.3% during the fourth quarter. Xponance Inc. now owns 5,320 shares of the textile maker’s stock valued at $226,000 after purchasing an additional 584 shares in the last quarter. Finally, New York State Teachers Retirement System boosted 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 purchasing an additional 652 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Stock Performance

SHOO stock opened at $26.65 on Friday. Steven Madden, Ltd. has a fifty-two week low of $24.56 and a fifty-two week high of $50.01. The stock has a fifty day moving average of $34.23 and a 200-day moving average of $41.13. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Equities analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The business 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 was Monday, March 10th. Steven Madden’s payout ratio is currently 35.74%.

Analysts Set New Price Targets

Several equities analysts have commented on SHOO shares. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Loop Capital dropped their price target on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Piper Sandler reduced their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Telsey Advisory Group lowered their target price on Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup reduced their price target on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Steven Madden presently has a consensus rating of “Hold” and an average price target of $40.33.

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.