Fox Run Management L.L.C. Sells 11,074 Shares of Steven Madden, Ltd. $SHOO

Key Points

• Fox Run Management L.L.C. has reduced its stake in Steven Madden, Ltd. by 54.6%, now holding 9,216 shares valued at approximately $246,000.
• Steven Madden's recent quarterly earnings reported an EPS of $0.20, missing estimates of $0.24, while revenue reached $556.09 million, below the expected $575.83 million.
• The company has announced a quarterly dividend of $0.21, with a payout ratio of 66.14% and an annualized yield of 3.2%.

Fox Run Management L.L.C. decreased its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,216 shares of the textile maker's stock after selling 11,074 shares during the period. Fox Run Management L.L.C.'s holdings in Steven Madden were worth $246,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mariner LLC grew its stake in shares of Steven Madden by 7.2% in the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock worth $202,000 after purchasing an additional 319 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Steven Madden by 2.4% during the fourth quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker's stock worth $756,000 after purchasing an additional 409 shares during the period. Vident Advisory LLC boosted its holdings in shares of Steven Madden by 4.6% during the fourth quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker's stock worth $734,000 after purchasing an additional 756 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Steven Madden by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 22,198 shares of the textile maker's stock worth $944,000 after purchasing an additional 804 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Steven Madden by 22.9% during the first 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. Institutional investors and hedge funds own 99.88% of the company's stock.

Wall Street Analyst Weigh In

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

Steven Madden Trading Up 0.4%

Shares of SHOO stock traded up $0.11 on Tuesday, reaching $28.14. The company had a trading volume of 1,617,522 shares, compared to its average volume of 1,811,109. 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 market cap of $2.04 billion, a PE ratio of 22.16 and a beta of 1.16. The company has a 50-day moving average of $25.59 and a 200-day moving average of $26.15. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The business had revenue of $556.09 million for the quarter, compared to the consensus estimate of $575.83 million. During the same period in the previous year, the company posted $0.57 earnings per share. Steven Madden's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 12th. Steven Madden's dividend payout ratio is presently 66.14%.

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.