Harbor Capital Advisors Inc. grew its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 62.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,696 shares of the textile maker's stock after purchasing an additional 77,425 shares during the period. Harbor Capital Advisors Inc. owned about 0.28% of Steven Madden worth $5,373,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of SHOO. Quarry LP increased its position in Steven Madden by 403.6% during the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker's stock worth $59,000 after acquiring an additional 1,110 shares during the period. Smartleaf Asset Management LLC lifted its position in Steven Madden by 21.6% during the 4th 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 period. New Age Alpha Advisors LLC bought a new stake in shares of Steven Madden in the 4th quarter valued at about $177,000. Mariner LLC lifted its holdings in shares of Steven Madden by 7.2% during the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock valued at $202,000 after purchasing an additional 319 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Steven Madden by 12.3% in the fourth quarter. Xponance Inc. now owns 5,320 shares of the textile maker's stock valued at $226,000 after purchasing an additional 584 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.
Steven Madden Price Performance
SHOO stock traded down $1.12 during mid-day trading on Friday, hitting $23.02. 1,394,982 shares of the stock were exchanged, compared to its average volume of 1,085,845. The business has a fifty day moving average price of $23.16 and a 200 day moving average price of $32.14. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month high of $50.01. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.80 and a beta of 1.12.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.14. The business had revenue of $551.38 million for the quarter, compared to the consensus estimate of $557.81 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. As a group, equities analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 3.65%. Steven Madden's dividend payout ratio (DPR) is presently 36.21%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on SHOO shares. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research report on Friday, May 2nd. UBS Group lifted their price target on Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Piper Sandler dropped their price objective on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Loop Capital dropped their price target on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Citigroup decreased their price objective on shares of Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Steven Madden has an average rating of "Hold" and a consensus target price of $28.50.
View Our Latest Stock Analysis on Steven Madden
About Steven Madden
(
Free Report)
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.
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