Legato Capital Management LLC Increases Position in Steven Madden, Ltd. $SHOO

Legato Capital Management LLC lifted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 134.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,647 shares of the textile maker’s stock after purchasing an additional 81,922 shares during the period. Steven Madden comprises about 0.5% of Legato Capital Management LLC’s portfolio, making the stock its 27th largest holding. Legato Capital Management LLC’s holdings in Steven Madden were worth $5,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHOO. AQR Capital Management LLC purchased a new position in shares of Steven Madden in the 1st quarter valued at about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after buying an additional 1,437 shares during the last quarter. Millennium Management LLC boosted its holdings in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after buying an additional 568,477 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Steven Madden by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after buying an additional 10,603 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Steven Madden by 273.1% in the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock worth $4,196,000 after buying an additional 115,284 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Up 1.4%

Shares of Steven Madden stock opened at $41.93 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. The stock’s 50 day simple moving average is $36.73 and its 200-day simple moving average is $39.33. The stock has a market cap of $3.06 billion, a P/E ratio of 39.93 and a beta of 1.12. Steven Madden, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.88.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The business’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Analysts predict that Steven Madden, Ltd. will post 2.1 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be given a $0.21 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. Steven Madden’s dividend payout ratio is 80.00%.

Analyst Ratings Changes

SHOO has been the topic of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Thursday, April 30th. Wall Street Zen cut Steven Madden from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Williams Trading set a $48.00 price objective on Steven Madden in a report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Steven Madden currently has a consensus rating of “Hold” and a consensus price target of $43.88.

Insider Activity

In other news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the sale, the director directly owned 8,057 shares in the company, valued at $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.21% of the stock is owned by company insiders.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.