Rockefeller Capital Management L.P. Has $84,000 Holdings in Steven Madden, Ltd. $SHOO

Rockefeller Capital Management L.P. trimmed its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 99.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,019 shares of the textile maker’s stock after selling 256,223 shares during the period. Rockefeller Capital Management L.P.’s holdings in Steven Madden were worth $84,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. MidFirst Bank acquired a new position in shares of Steven Madden during the 4th quarter valued at $217,000. Invesco Ltd. boosted its stake in Steven Madden by 15.2% during the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after acquiring an additional 367,459 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Steven Madden in the fourth quarter worth $214,000. Summit Global Investments acquired a new stake in Steven Madden in the fourth quarter worth $212,000. Finally, EP Wealth Advisors LLC bought a new stake in Steven Madden in the fourth quarter valued at $390,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Trading Up 4.2%

Shares of Steven Madden stock opened at $42.01 on Friday. The firm has a market cap of $3.07 billion, a PE ratio of 40.01 and a beta of 1.15. Steven Madden, Ltd. has a 1 year low of $22.26 and a 1 year high of $47.10. 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 has a fifty day moving average price of $41.84 and a 200-day moving average price of $39.91.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $653.10 million for the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities research analysts anticipate 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 was paid on Friday, June 19th. Shareholders of record on Monday, June 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 8th. Steven Madden’s dividend payout ratio is 80.00%.

Insiders Place Their Bets

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arian Simone Reed sold 648 shares of the stock in a transaction 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 sale, the director owned 8,057 shares in the company, valued at approximately $322,038.29. This represents a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,270 shares of company stock valued at $276,992 over the last three months. Company insiders own 2.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHOO. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. 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. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Needham & Company LLC boosted their price objective on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.12.

Steven Madden Profile

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.