Steven Madden, Ltd. $SHOO Holdings Decreased by First Trust Advisors LP

Key Points

• First Trust Advisors LP cut its Steven Madden stake by 97.1% in the first quarter, selling 580,667 shares and retaining 17,566 shares valued at approximately $596,000. Institutional investors and hedge funds still own 99.88% of the stock.
• Analyst sentiment is mixed, with five Buy ratings, three Holds, and one Sell. The consensus rating is Hold, with an average price target of $49.75.
• Steven Madden exceeded quarterly expectations, reporting $0.44 in EPS and $665.87 million in revenue, up 19.1% year over year. The company also announced a quarterly dividend of $0.21 per share, representing a 1.7% yield.

First Trust Advisors LP trimmed its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 97.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,566 shares of the textile maker's stock after selling 580,667 shares during the period. First Trust Advisors LP's holdings in Steven Madden were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock worth $25,000 after acquiring an additional 485 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Steven Madden in the 4th quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in shares of Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker's stock worth $34,000 after purchasing an additional 745 shares in the last quarter. First Horizon Corp lifted its position in shares of Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker's stock worth $37,000 after purchasing an additional 317 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Steven Madden by 79.4% during the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker's stock worth $41,000 after purchasing an additional 435 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on SHOO shares. UBS Group reiterated a "neutral" rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Steven Madden in a research note on Friday, July 17th. Needham & Company LLC boosted their price target on shares of Steven Madden from $45.00 to $52.00 and gave the company a "buy" rating in a report on Friday, June 12th. Williams Trading set a $56.00 price target on shares of Steven Madden in a research note on Monday, August 3rd. Finally, Zacks Research lowered Steven Madden from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $49.75.

Steven Madden Stock Performance

SHOO stock opened at $48.29 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 24.27 and a beta of 1.14. Steven Madden, Ltd. has a 12 month low of $24.81 and a 12 month high of $49.70. The firm has a 50 day moving average of $43.87 and a two-hundred day moving average of $40.07.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The company had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. During the same quarter in the prior year, the business posted $0.20 EPS. Steven Madden's quarterly revenue was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, equities analysts anticipate that Steven Madden, Ltd. will post 2.14 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden's dividend payout ratio is presently 42.21%.

Insider Buying and Selling

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the business's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the sale, the insider owned 35,200 shares of the company's stock, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell S. Klipper sold 3,918 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director directly owned 32,555 shares of the company's stock, valued at $1,580,219.70. This represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,356 shares of company stock valued at $717,204 in the last three months. 2.21% of the stock is currently owned by corporate insiders.

Steven Madden Company Profile

Steven Madden, Inc NASDAQ: SHOO is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company's product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.

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