Nicholas Investment Partners LP Makes New $17.58 Million Investment in Steven Madden, Ltd. $SHOO

Nicholas Investment Partners LP acquired a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 422,075 shares of the textile maker’s stock, valued at approximately $17,575,000. Steven Madden comprises approximately 1.3% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 12th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in Steven Madden during the fourth quarter worth $30,000. Global Retirement Partners LLC increased its stake in shares of Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp increased its stake in shares of Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after buying an additional 317 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after buying an additional 435 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at $43,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Price Performance

Shares of SHOO stock opened at $46.15 on Friday. The stock has a 50-day moving average price of $40.06 and a 200 day moving average price of $40.04. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 43.95 and a beta of 1.15. Steven Madden, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.88.

Steven Madden (NASDAQ:SHOO) last announced 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. The firm 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 company’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Research analysts expect that Steven Madden, Ltd. will post 2.09 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

Insider Transactions at Steven Madden

In related news, insider Christina Ciglar sold 5,147 shares of Steven Madden stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the sale, the insider directly owned 35,200 shares in the company, valued at $1,574,848. This trade represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the transaction, the director owned 8,057 shares in the company, valued at approximately $322,038.29. This trade represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 6,270 shares of company stock valued at $276,992. Corporate insiders own 2.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHOO. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, February 26th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. UBS Group restated a “neutral” rating and issued a $40.00 target price (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.13.

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.