Steven Madden, Ltd. $SHOO Holdings Raised by Capital Research Global Investors

Key Points

• Capital Research Global Investors increased its stake in Steven Madden by 14.0% in Q3 to 2,720,354 shares (a 3.74% stake) valued at about $91.08 million, and institutional investors collectively own 99.88% of the company.
• In the most recent quarter Steven Madden reported $0.48 EPS (beating the $0.46 estimate) and $753.7M revenue (slightly below the $758.53M estimate) with revenue up 29.6% year‑over‑year; the company has a market cap of $2.48B and a P/E of 54.9.
• The company announced a quarterly dividend of $0.21 per share (annualized $0.84, yield 2.5%) with an ex‑dividend date of March 11 and pay date March 20; analysts’ consensus rating is Hold with an average price target of $44.00.

Capital Research Global Investors lifted its stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 14.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,720,354 shares of the textile maker's stock after purchasing an additional 334,058 shares during the quarter. Capital Research Global Investors owned 3.74% of Steven Madden worth $91,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHOO. EverSource Wealth Advisors LLC boosted its stake in Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock worth $25,000 after purchasing an additional 485 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Steven Madden in the third quarter valued at $31,000. Parkside Financial Bank & Trust lifted its holdings in shares of Steven Madden by 616.8% in the third quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker's stock valued at $72,000 after purchasing an additional 1,838 shares in the last quarter. State of Wyoming boosted its position in shares of Steven Madden by 117.3% in the third quarter. State of Wyoming now owns 3,800 shares of the textile maker's stock worth $127,000 after buying an additional 2,051 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Steven Madden by 172.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,523 shares of the textile maker's stock worth $185,000 after buying an additional 3,494 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Wall Street Analyst Weigh In

SHOO has been the topic of several recent analyst reports. Zacks Research lowered Steven Madden from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. Williams Trading set a $48.00 price objective on Steven Madden in a research report on Tuesday. UBS Group reaffirmed a "neutral" rating on shares of Steven Madden in a research note on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Steven Madden in a report on Thursday, January 22nd. Finally, BTIG Research reissued a "buy" rating and issued a $50.00 price target on shares of Steven Madden in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $44.00.

Steven Madden Stock Performance

SHOO stock opened at $34.04 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 54.90 and a beta of 1.13. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month high of $46.88. The firm has a 50 day moving average of $40.55 and a two-hundred day moving average of $37.90.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The textile maker reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Steven Madden had a net margin of 1.76% and a return on equity of 13.60%. The business had revenue of $753.70 million for the quarter, compared to the consensus estimate of $758.53 million. During the same quarter last year, the firm earned $0.55 EPS. Steven Madden's revenue for the quarter was up 29.6% on a year-over-year basis. As a group, equities analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, March 11th. Steven Madden's dividend payout ratio (DPR) is 135.48%.

About Steven Madden

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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