143,858 Shares in Steven Madden, Ltd. $SHOO Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. acquired 143,858 shares of Steven Madden, Ltd., valued at approximately $3.83 million, reflecting a growing interest from institutional investors.
• Steven Madden reported an earnings per share (EPS) of $0.20 for the latest quarter, missing analyst expectations of $0.24, and its revenue increased by 6.8% compared to the previous year.
• The company declared a quarterly dividend of $0.21, with an ex-dividend date of September 12th, resulting in a 2.9% dividend yield for stockholders.

Capital Fund Management S.A. bought a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 143,858 shares of the textile maker's stock, valued at approximately $3,832,000. Capital Fund Management S.A. owned approximately 0.20% of Steven Madden as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SHOO. CX Institutional acquired a new position in shares of Steven Madden during the 1st quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Steven Madden by 328.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker's stock worth $58,000 after purchasing an additional 1,657 shares during the period. Quarry LP grew its stake in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock worth $59,000 after purchasing an additional 1,110 shares during the period. CWM LLC grew its stake in shares of Steven Madden by 231.0% during the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock worth $61,000 after purchasing an additional 1,589 shares during the period. Finally, Covestor Ltd grew its stake in shares of Steven Madden by 22.9% during the 1st quarter. Covestor Ltd now owns 4,906 shares of the textile maker's stock worth $130,000 after purchasing an additional 915 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Wednesday, July 30th. Telsey Advisory Group restated a "market perform" rating and set a $26.00 target price (up from $24.00) on shares of Steven Madden in a report on Wednesday, July 30th. Citigroup upgraded shares of Steven Madden from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $32.00 in a research report on Thursday, July 17th. UBS Group increased their price target on shares of Steven Madden from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Steven Madden from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $28.80.

Steven Madden Trading Up 4.4%

Shares of NASDAQ SHOO traded up $1.24 during midday trading on Wednesday, reaching $29.38. 1,462,356 shares of the stock were exchanged, compared to its average volume of 1,560,938. The company has a market capitalization of $2.13 billion, a P/E ratio of 23.13 and a beta of 1.16. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $50.01. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $26.15.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The textile maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The firm had revenue of $556.09 million for the quarter, compared to analysts' expectations of $575.83 million. Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. Equities research analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, September 12th. Steven Madden's dividend payout ratio is presently 66.14%.

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.