Universal Beteiligungs und Servicegesellschaft mbH Invests $2 Million in Steven Madden, Ltd. (NASDAQ:SHOO)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,211 shares of the textile maker's stock, valued at approximately $2,004,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Steven Madden as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in Steven Madden by 17.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,503 shares of the textile maker's stock worth $447,000 after purchasing an additional 1,594 shares during the period. Deutsche Bank AG grew its stake 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 purchasing an additional 21,363 shares during the period. Principal Financial Group Inc. grew its stake in Steven Madden by 2.8% in the first quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker's stock worth $10,441,000 after purchasing an additional 10,741 shares during the period. Bank of Montreal Can grew its stake in shares of Steven Madden by 5.5% in the fourth quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock worth $453,000 after acquiring an additional 554 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Steven Madden by 29.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,455,381 shares of the textile maker's stock worth $39,907,000 after acquiring an additional 332,689 shares during the last quarter. Institutional investors own 99.88% of the company's stock.

Steven Madden Stock Performance

Shares of Steven Madden stock traded down $0.48 during trading on Friday, hitting $23.52. 2,940,411 shares of the company's stock traded hands, compared to its average volume of 1,528,850. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.64. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year 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 business has a 50-day simple moving average of $24.99 and a 200-day simple moving average of $27.77.

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

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 12th will be issued 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 3.6%. Steven Madden's dividend payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 target price (up from $24.00) on shares of Steven Madden in a research note on Wednesday. Piper Sandler cut their target price on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Citigroup raised Steven Madden from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $32.00 in a research note on Thursday, July 17th. UBS Group increased 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, July 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Steven Madden currently has an average rating of "Hold" and a consensus price target of $30.83.

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.