Steven Madden, Ltd. (NASDAQ:SHOO) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,010 shares of the textile maker's stock after buying an additional 23,587 shares during the quarter. Vest Financial LLC owned approximately 0.11% of Steven Madden worth $2,131,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Steven Madden by 3,814.9% during the first quarter. GAMMA Investing LLC now owns 36,683 shares of the textile maker's stock worth $977,000 after purchasing an additional 35,746 shares during the last quarter. PharVision Advisers LLC purchased a new position in Steven Madden in the 4th quarter worth about $226,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Steven Madden by 12.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,667 shares of the textile maker's stock valued at $8,150,000 after buying an additional 21,270 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in Steven Madden in the 4th quarter valued at about $350,000. Finally, Vident Advisory LLC grew its stake in Steven Madden by 4.6% in the 4th quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker's stock worth $734,000 after acquiring an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company's stock.

Steven Madden Trading Up 4.6%

SHOO traded up $1.14 during trading on Monday, hitting $26.10. The company's stock had a trading volume of 1,857,065 shares, compared to its average volume of 1,068,435. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.11 and a beta of 1.12. Steven Madden, Ltd. has a twelve month low of $19.05 and a twelve month high of $50.01. The business's fifty day simple moving average is $23.05 and its 200 day simple moving average is $32.74.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.14. The firm had revenue of $551.38 million for the quarter, compared to analysts' expectations of $557.81 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. As a group, equities research analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 3.22%. Steven Madden's dividend payout ratio (DPR) is presently 36.21%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SHOO shares. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a report on Friday, May 2nd. UBS Group raised their price target on Steven Madden from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Piper Sandler dropped their price objective on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $24.00 target price on shares of Steven Madden in a research report on Wednesday, June 4th. Finally, Citigroup cut their price target on Steven Madden from $35.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $28.50.

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.