10,936 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Bought by MQS Management LLC

MQS Management LLC acquired a new position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,936 shares of the textile maker's stock, valued at approximately $291,000.

Other large investors also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in Steven Madden by 36.9% during the fourth 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 during the period. Allspring Global Investments Holdings LLC grew its holdings in Steven Madden by 29.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,455,381 shares of the textile maker's stock valued at $39,907,000 after purchasing an additional 332,689 shares during the period. Raymond James Financial Inc. bought a new stake in Steven Madden during the fourth quarter valued at about $13,652,000. Norges Bank bought a new stake in Steven Madden during the fourth quarter valued at about $9,399,000. Finally, Trexquant Investment LP grew its holdings in Steven Madden by 147.3% during the fourth quarter. Trexquant Investment LP now owns 257,334 shares of the textile maker's stock valued at $10,942,000 after purchasing an additional 153,280 shares during the period. Institutional investors own 99.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Friday, May 2nd. Citigroup upgraded Steven Madden from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $32.00 in a research report on Thursday. UBS Group boosted their target price on Steven Madden from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Piper Sandler decreased their target price on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Steven Madden in a research report on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $30.00.

Steven Madden Price Performance

NASDAQ SHOO traded up $0.23 during midday trading on Friday, hitting $26.36. 740,410 shares of the company traded hands, compared to its average volume of 1,144,090. The company has a market cap of $1.91 billion, a PE ratio of 11.37 and a beta of 1.10. The company's 50-day simple moving average is $24.93 and its 200-day simple moving average is $29.06. Steven Madden, Ltd. has a 52 week low of $19.05 and a 52 week high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. The firm had revenue of $551.38 million during the quarter, compared to analysts' expectations of $557.81 million. Steven Madden had a return on equity of 21.63% and a net margin of 7.26%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.19%. Steven Madden's payout ratio is 36.21%.

About Steven Madden

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.