Steven Madden, Ltd. $SHOO Stake Raised by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Steven Madden stake by 13.6% in the third quarter, adding 77,108 shares to own 645,578 shares valued at approximately $28.9 million. Institutional investors collectively own 99.88% of the stock.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $51.80, compared with its reported price of $46.24.
• Steven Madden exceeded quarterly expectations, reporting $0.44 in earnings per share versus a $0.33 estimate and revenue of $665.87 million. The company also paid a quarterly dividend of $0.21, equivalent to a 1.8% annualized yield.

Fort Washington Investment Advisors Inc. OH lifted its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 645,578 shares of the textile maker's stock after buying an additional 77,108 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.88% of Steven Madden worth $28,903,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SHOO. Integrated Wealth Concepts LLC purchased a new position in Steven Madden during the second quarter valued at approximately $32,000. Signature Resources Capital Management LLC bought a new stake in Steven Madden during the 1st quarter worth approximately $49,000. Public Employees Retirement System of Ohio bought a new stake in Steven Madden during the 2nd quarter worth approximately $95,000. Nykredit A S purchased a new stake in Steven Madden in the 2nd quarter worth approximately $128,000. Finally, Versant Capital Management Inc lifted its stake in Steven Madden by 17.0% in the 3rd quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker's stock worth $159,000 after purchasing an additional 516 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHOO has been the subject of several analyst reports. Wall Street Zen downgraded shares of Steven Madden from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 29th. BTIG Research reaffirmed a "buy" rating and issued a $50.00 price target on shares of Steven Madden in a report on Monday, July 27th. Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Williams Trading set a $56.00 price objective on Steven Madden in a research report on Monday, August 3rd. Finally, Citigroup reissued a "buy" rating and set a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.80.

Steven Madden Price Performance

SHOO opened at $46.24 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The stock's 50 day simple moving average is $44.65 and its 200 day simple moving average is $42.43. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 23.24 and a beta of 1.17. Steven Madden, Ltd. has a 1 year low of $31.33 and a 1 year high of $49.70.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The firm had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The business's revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, analysts predict that Steven Madden, Ltd. will post 2.15 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 11th. Steven Madden's payout ratio is presently 42.21%.

Insider Activity at Steven Madden

In related news, Director Al Ferrara sold 3,918 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the sale, the director directly owned 26,197 shares in the company, valued at $1,264,267.22. This represents a 13.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell Klipper sold 3,918 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total transaction of $190,179.72. Following the sale, the director directly owned 32,555 shares of the company's stock, valued at $1,580,219.70. The trade was a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,086 shares of company stock worth $440,212 in the last three months. 2.21% of the stock is owned by insiders.

Steven Madden Profile

Steven Madden, Ltd. is a footwear and fashion accessories company that designs, sources and markets products under a portfolio of proprietary and licensed brands. Its offerings include women's, men's and children's footwear, handbags, accessories, apparel and related lifestyle products. The company's best-known brand is Steve Madden, complemented by brands such as Dolce Vita, Betsey Johnson, Freebird and Mad Love.

The company sells its products through multiple channels, including department stores, specialty retailers, mass-market merchants, company-operated retail locations and e-commerce platforms.

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