134,656 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 134,656 shares of the textile maker's stock, valued at approximately $5,726,000. ExodusPoint Capital Management LP owned approximately 0.19% of Steven Madden at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. R Squared Ltd acquired a new position in Steven Madden in the fourth quarter worth approximately $55,000. Blue Trust Inc. raised its position in shares of Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares during the period. KBC Group NV lifted its holdings in shares of Steven Madden by 36.5% during the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock valued at $128,000 after purchasing an additional 805 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after purchasing an additional 741 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Steven Madden in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Price Performance

Shares of SHOO stock traded down $1.22 on Thursday, hitting $20.92. The company's stock had a trading volume of 737,038 shares, compared to its average volume of 869,355. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 8.90 and a beta of 0.98. Steven Madden, Ltd. has a fifty-two week low of $19.05 and a fifty-two week high of $50.01. The firm's fifty day moving average price is $30.65 and its 200-day moving average price is $39.58.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The business had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Monday, March 10th. Steven Madden's dividend payout ratio (DPR) is 35.74%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SHOO shares. Citigroup cut their target price on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Loop Capital dropped their target price on Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group decreased their price target on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.33.

Steven Madden 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.