Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 75,211 Steven Madden, Ltd. (NASDAQ:SHOO)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,211 shares of the textile maker's stock, valued at approximately $2,004,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Steven Madden as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Mariner LLC grew its position in shares of Steven Madden by 7.2% during the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock worth $202,000 after buying an additional 319 shares in the last quarter. Tidal Investments LLC raised its holdings in Steven Madden by 2.4% in the fourth quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker's stock worth $756,000 after purchasing an additional 409 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Steven Madden by 5.5% during the fourth quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock valued at $453,000 after buying an additional 554 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Steven Madden by 11.7% during the fourth quarter. HighTower Advisors LLC now owns 6,439 shares of the textile maker's stock valued at $274,000 after buying an additional 676 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Steven Madden by 4.6% in the 4th quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker's stock valued at $734,000 after buying an additional 756 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup upgraded shares of Steven Madden from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $26.00 to $32.00 in a research note on Thursday, July 17th. Piper Sandler decreased their price objective on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Steven Madden in a research report on Wednesday. UBS Group boosted their target price on Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.83.

Steven Madden Stock Down 2.0%

Steven Madden stock traded down $0.48 during midday trading on Friday, reaching $23.52. The company's stock had a trading volume of 2,940,411 shares, compared to its average volume of 1,528,850. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $50.01. The stock has a market capitalization of $1.71 billion, a P/E ratio of 18.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.64. The stock's 50-day simple moving average is $25.01 and its 200-day simple moving average is $27.99.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced 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 firm had revenue of $556.09 million during the quarter, compared to analysts' expectations of $575.83 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 12th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 12th. Steven Madden's dividend payout ratio (DPR) is presently 36.21%.

Steven Madden 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.