Squarepoint Ops LLC trimmed its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,043 shares of the textile maker's stock after selling 11,147 shares during the period. Squarepoint Ops LLC owned 0.07% of Steven Madden worth $2,000,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of SHOO. Barclays PLC grew its stake in shares of Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock valued at $6,819,000 after acquiring an additional 103,226 shares during the period. SG Americas Securities LLC lifted its holdings in Steven Madden by 181.2% during the fourth quarter. SG Americas Securities LLC now owns 9,112 shares of the textile maker's stock valued at $387,000 after purchasing an additional 5,872 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares during the period. KBC Group NV increased its stake in shares of Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after purchasing an additional 805 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Steven Madden in the fourth quarter worth $55,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.
Steven Madden Trading Down 1.6%
Shares of NASDAQ:SHOO traded down $0.40 during mid-day trading on Monday, reaching $24.25. The stock had a trading volume of 1,176,892 shares, compared to its average volume of 1,054,910. The business's 50 day moving average price is $23.23 and its 200 day moving average price is $33.23. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $50.01. The company has a market cap of $1.76 billion, a P/E ratio of 10.32 and a beta of 1.04.
Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping 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 return on equity of 23.41% and a net margin of 7.68%. The company's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The firm also recently declared 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. This represents a $0.84 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, June 9th. Steven Madden's dividend payout ratio is presently 36.21%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on SHOO shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a report on Friday, May 2nd. Loop Capital lowered their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. UBS Group increased their target price on Steven Madden from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Piper Sandler decreased their target price 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. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $32.00.
View Our Latest Stock Analysis on SHOO
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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