Steven Madden, Ltd. $SHOO Holdings Boosted by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Steven Madden, Ltd. by 9.1%, owning approximately 205,402 shares valued at $5.47 million after acquiring additional shares in the first quarter.
• Steven Madden reported a quarterly earnings per share of $0.20, missing the consensus estimate of $0.24, while revenue for the quarter reached $556.09 million, falling short of the expected $575.83 million.
• The company announced a quarterly dividend of $0.21 per share with an annual yield of 2.6%, and institutional investors hold approximately 99.88% of the company's stock.

Voya Investment Management LLC boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,402 shares of the textile maker's stock after acquiring an additional 17,190 shares during the period. Voya Investment Management LLC owned about 0.28% of Steven Madden worth $5,472,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHOO. Deutsche Bank AG lifted its holdings in Steven Madden by 49.0% in the fourth quarter. Deutsche Bank AG now owns 64,998 shares of the textile maker's stock worth $2,764,000 after acquiring an additional 21,363 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Steven Madden by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,482 shares of the textile maker's stock valued at $1,764,000 after buying an additional 1,818 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Steven Madden during the fourth quarter valued at approximately $2,065,000. Man Group plc increased its stake in shares of Steven Madden by 714.2% during the fourth quarter. Man Group plc now owns 104,914 shares of the textile maker's stock valued at $4,461,000 after acquiring an additional 92,028 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Steven Madden by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 21,842 shares of the textile maker's stock valued at $929,000 after acquiring an additional 6,715 shares during the period. Institutional investors own 99.88% of the company's stock.

Steven Madden Stock Up 0.6%

Steven Madden stock opened at $32.70 on Friday. The firm has a fifty day moving average price of $27.57 and a two-hundred day moving average price of $25.43. Steven Madden, Ltd. has a fifty-two week low of $19.05 and a fifty-two week high of $50.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 25.75 and a beta of 1.21.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The company had revenue of $556.09 million for the quarter, compared to the consensus estimate of $575.83 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 12th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. Steven Madden's payout ratio is presently 66.14%.

Analysts Set New Price Targets

A number of research analysts recently commented on SHOO shares. Wall Street Zen lowered shares of Steven Madden from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Wednesday, July 30th. Citigroup upgraded shares of Steven Madden from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $32.00 in a research report on Thursday, July 17th. UBS Group lifted their price target on shares of Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $26.00 price objective (up from $24.00) on shares of Steven Madden in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.80.

Steven Madden Company 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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