William Blair Investment Management LLC Trims Position in Steven Madden, Ltd. $SHOO

William Blair Investment Management LLC trimmed its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 656,999 shares of the textile maker’s stock after selling 68,450 shares during the period. William Blair Investment Management LLC’s holdings in Steven Madden were worth $27,357,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHOO. Scopus Asset Management L.P. purchased a new position in Steven Madden during the third quarter valued at $36,451,000. Boston Partners purchased a new position in Steven Madden during the third quarter valued at $33,319,000. Invesco Ltd. grew its stake in Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after acquiring an additional 814,318 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in Steven Madden by 155.9% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after acquiring an additional 581,745 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Steven Madden

In other Steven Madden news, Director Arian Simone Reed sold 3,600 shares of Steven Madden stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.44, for a total value of $120,384.00. Following the completion of the transaction, the director directly owned 8,705 shares of the company’s stock, valued at $291,095.20. This trade represents a 29.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Thursday, February 5th. Wall Street Zen cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC raised their target price on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. 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, the company has a consensus rating of “Hold” and an average target price of $43.88.

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $41.93 on Tuesday. Steven Madden, Ltd. has a 52 week low of $22.26 and a 52 week high of $46.88. The stock has a market capitalization of $3.06 billion, a P/E ratio of 39.93 and a beta of 1.12. The firm has a fifty day simple moving average of $36.92 and a two-hundred day simple moving average of $39.44. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. During the same period last year, the company posted $0.60 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, analysts expect that Steven Madden, Ltd. will post 2.09 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

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.