Steven Madden, Ltd. (NASDAQ:SHOO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 65.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,208 shares of the textile maker's stock after selling 81,314 shares during the quarter. Jane Street Group LLC owned about 0.06% of Steven Madden worth $1,795,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SHOO. Barclays PLC raised its position in Steven Madden by 286.9% in the third quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock worth $6,819,000 after acquiring an additional 103,226 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Steven Madden by 278.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 106,972 shares of the textile maker's stock worth $4,548,000 after acquiring an additional 78,672 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Steven Madden by 75.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 7,323 shares of the textile maker's stock worth $311,000 after acquiring an additional 3,143 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Steven Madden by 8.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 462,786 shares of the textile maker's stock worth $19,678,000 after acquiring an additional 35,140 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Steven Madden by 181.2% in the fourth quarter. SG Americas Securities LLC now owns 9,112 shares of the textile maker's stock worth $387,000 after acquiring an additional 5,872 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company's stock.

Steven Madden Trading Down 2.1%

Shares of SHOO stock traded down $0.52 during mid-day trading on Friday, reaching $24.55. The stock had a trading volume of 874,180 shares, compared to its average volume of 1,039,466. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $50.01. The company has a market cap of $1.78 billion, a P/E ratio of 10.45 and a beta of 1.04. The business has a 50-day simple moving average of $23.38 and a 200 day simple moving average of $34.19.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.14. The business 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 23.41% and a net margin of 7.68%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Research analysts anticipate 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 will be paid on Friday, June 20th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, June 9th. Steven Madden's payout ratio is currently 36.21%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Citigroup cut their price objective on Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Loop Capital cut their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their price target on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, UBS Group raised their price target on Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.00.

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.