Segall Bryant & Hamill LLC trimmed its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 549,429 shares of the textile maker's stock after selling 24,325 shares during the period. Segall Bryant & Hamill LLC owned 0.76% of Steven Madden worth $14,637,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. CX Institutional acquired a new position in Steven Madden in the 1st quarter valued at about $32,000. Quarry LP boosted its position 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 acquiring an additional 1,110 shares in the last quarter. CWM LLC boosted its holdings in shares of Steven Madden by 231.0% in the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock valued at $61,000 after purchasing an additional 1,589 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Steven Madden in the fourth quarter valued at about $177,000. Finally, Mariner LLC boosted 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 valued at $202,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.
Steven Madden Trading Up 6.3%
Shares of SHOO traded up $1.55 during midday trading on Thursday, reaching $26.13. The stock had a trading volume of 2,362,468 shares, compared to its average volume of 1,145,492. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.26 and a beta of 1.10. The company's 50-day moving average is $24.93 and its 200 day moving average is $29.06. 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, May 7th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. Steven Madden had a net margin of 7.26% and a return on equity of 21.63%. The firm had revenue of $551.38 million during the quarter, compared to analysts' expectations of $557.81 million. During the same period last year, the company posted $0.65 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. Research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. Steven Madden's dividend payout ratio (DPR) is 36.21%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SHOO shares. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Friday, May 2nd. Piper Sandler dropped their price target on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. UBS Group boosted 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. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Steven Madden in a report on Wednesday, June 4th. Finally, Citigroup upgraded shares of Steven Madden from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $32.00 in a report on Thursday. Eight research 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 company currently has a consensus rating of "Hold" and an average target price of $30.00.
Check Out Our Latest Research Report on SHOO
Steven Madden Profile
(
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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