Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Steven Madden, Ltd. $SHOO

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Steven Madden by 172.7% in Q4 to 154,707 shares worth $6.44M; institutional investors now own about 99.88% of the company and other funds (notably Millennium Management) also materially increased positions.
• Director Arian Simone Reed sold 3,600 shares on March 12, reducing her holding by 29.26%, and corporate insiders collectively own roughly 2.22% of the stock.
• Analysts’ consensus is a Hold with an average price target of $43.75 while shares recently traded near $37.83; the company pays a $0.21 quarterly dividend (2.2% yield), reported a modest EPS beat, but has a high P/E (~61) and thin net margin.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 172.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 154,707 shares of the textile maker's stock after purchasing an additional 97,975 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Steven Madden worth $6,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SHOO. AQR Capital Management LLC bought a new position in Steven Madden during the 1st quarter valued at about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Steven Madden by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker's stock valued at $1,143,000 after acquiring an additional 1,437 shares during the period. Millennium Management LLC lifted its stake in Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker's stock valued at $16,438,000 after acquiring an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Steven Madden by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker's stock valued at $5,388,000 after acquiring an additional 10,603 shares during the period. Finally, Jane Street Group LLC lifted its stake in Steven Madden by 273.1% during the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker's stock valued at $4,196,000 after acquiring an additional 115,284 shares during the period. Institutional investors own 99.88% of the company's stock.

Insider Transactions at Steven Madden

In related news, Director Arian Simone Reed sold 3,600 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $33.44, for a total value of $120,384.00. Following the completion of the sale, the director directly owned 8,705 shares in the company, valued at $291,095.20. This trade represents a 29.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on SHOO. Jefferies Financial Group cut shares of Steven Madden from a "hold" rating to an "underperform" rating and set a $30.00 target price on the stock. in a research note on Thursday, February 5th. Weiss Ratings restated a "hold (c)" rating on shares of Steven Madden in a research note on Tuesday, April 21st. BTIG Research reiterated a "buy" rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, February 26th. Williams Trading set a $48.00 price objective on shares of Steven Madden in a research note on Tuesday, March 10th. Finally, UBS Group reiterated a "neutral" rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $43.75.

Steven Madden Trading Down 1.9%

Shares of SHOO opened at $37.83 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.11. Steven Madden, Ltd. has a 1 year low of $19.75 and a 1 year high of $46.88. The company has a 50 day simple moving average of $35.82 and a two-hundred day simple moving average of $38.84. The firm has a market cap of $2.76 billion, a P/E ratio of 61.02 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The textile maker reported $0.48 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $758.53 million. During the same period last year, the firm posted $0.55 EPS. The company's revenue was up 29.6% on a year-over-year basis. On average, equities analysts expect that Steven Madden, Ltd. will post 2.09 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Wednesday, March 11th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. Steven Madden's dividend payout ratio (DPR) is 135.48%.

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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