Steven Madden, Ltd. (NASDAQ:SHOO) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 267.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,112 shares of the textile maker's stock after buying an additional 13,912 shares during the quarter. Aquatic Capital Management LLC's holdings in Steven Madden were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Steven Madden by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker's stock worth $344,299,000 after acquiring an additional 54,877 shares in the last quarter. First Trust Advisors LP increased its holdings in Steven Madden by 36.9% in the 4th quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker's stock valued at $85,135,000 after purchasing an additional 539,738 shares in the last quarter. Invesco Ltd. raised its position in Steven Madden by 8.6% in the fourth quarter. Invesco Ltd. now owns 1,745,456 shares of the textile maker's stock valued at $74,217,000 after purchasing an additional 138,065 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Steven Madden during the fourth quarter worth about $72,795,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Steven Madden by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker's stock worth $47,736,000 after buying an additional 25,903 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHOO shares. 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. Piper Sandler dropped their price objective on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup decreased their target price on shares of Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. UBS Group decreased their price objective on shares of Steven Madden from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Telsey Advisory Group dropped their target price on Steven Madden from $38.00 to $24.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.86.

Steven Madden Price Performance

SHOO traded down $0.32 during trading hours on Tuesday, hitting $20.36. 436,548 shares of the stock were exchanged, compared to its average volume of 939,722. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 8.67 and a beta of 1.04. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month high of $50.01. The stock has a 50-day simple moving average of $24.32 and a 200-day simple moving average of $36.04.

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

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's payout ratio is currently 35.74%.

Steven Madden Company 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.