Nuveen Asset Management LLC Sells 26,505 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Nuveen Asset Management LLC lessened its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 981,886 shares of the textile maker's stock after selling 26,505 shares during the quarter. Nuveen Asset Management LLC owned about 1.36% of Steven Madden worth $41,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake 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 buying an additional 319 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Steven Madden by 1.6% during the fourth quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker's stock worth $898,000 after acquiring an additional 325 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after acquiring an additional 339 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Steven Madden by 5.5% in the fourth quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock worth $453,000 after acquiring an additional 554 shares during the period. Finally, Xponance Inc. grew its position 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. Institutional investors own 99.88% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup reduced their target price on Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Friday, May 2nd. UBS Group boosted their price objective on shares of Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $24.00 price objective on shares of Steven Madden in a research note on Thursday, May 8th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $32.00.

Steven Madden Price Performance

SHOO stock opened at $25.77 on Tuesday. Steven Madden, Ltd. has a one year low of $19.05 and a one year high of $50.01. The stock has a market cap of $1.87 billion, a PE ratio of 10.97 and a beta of 1.04. The firm has a 50 day simple moving average of $23.41 and a two-hundred day simple moving average of $34.59.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.14. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The company had revenue of $551.38 million during the quarter, compared to analyst estimates of $557.81 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Monday, June 9th. Steven Madden's dividend payout ratio is currently 36.21%.

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.

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