Two Sigma Advisers LP increased its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,400 shares of the textile maker's stock after acquiring an additional 19,100 shares during the period. Two Sigma Advisers LP owned approximately 0.13% of Steven Madden worth $4,099,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in Steven Madden during the fourth quarter worth approximately $72,795,000. First Trust Advisors LP grew its stake in shares of Steven Madden by 36.9% during the 4th quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker's stock valued at $85,135,000 after buying an additional 539,738 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Steven Madden during the 4th quarter worth $13,652,000. Norges Bank purchased a new position in shares of Steven Madden in the 4th quarter worth $9,399,000. Finally, Trexquant Investment LP raised its position in shares of Steven Madden by 147.3% in the 4th quarter. Trexquant Investment LP now owns 257,334 shares of the textile maker's stock worth $10,942,000 after buying an additional 153,280 shares during the period. 99.88% of the stock is currently owned by hedge funds and other institutional investors.
Steven Madden Stock Performance
Shares of NASDAQ:SHOO traded down $0.32 during mid-day trading on Friday, hitting $25.05. 259,238 shares of the company traded hands, compared to its average volume of 1,044,047. The firm's 50 day simple moving average is $23.34 and its 200 day simple moving average is $33.65. The firm has a market cap of $1.82 billion, a P/E ratio of 10.70 and a beta of 1.04. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $50.01.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted 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 company had revenue of $551.38 million for the quarter, compared to analyst estimates of $557.81 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. Equities research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 3.35%. Steven Madden's dividend payout ratio is currently 36.21%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Citigroup lowered their price target 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. Piper Sandler decreased their target price on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research report on Friday, May 2nd. Finally, Loop Capital decreased their price objective on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. 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 currently has an average rating of "Hold" and an average price target of $32.00.
View Our Latest Stock Analysis on SHOO
Steven Madden Company 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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