Janus Henderson Group PLC trimmed its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500,740 shares of the textile maker's stock after selling 169,501 shares during the quarter. Janus Henderson Group PLC owned approximately 0.69% of Steven Madden worth $21,290,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHOO. Barclays PLC grew its stake in shares of Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock valued at $6,819,000 after acquiring an additional 103,226 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Steven Madden by 278.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 106,972 shares of the textile maker's stock worth $4,548,000 after purchasing an additional 78,672 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Steven Madden by 75.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 7,323 shares of the textile maker's stock worth $311,000 after purchasing an additional 3,143 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Steven Madden by 8.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 462,786 shares of the textile maker's stock worth $19,678,000 after purchasing an additional 35,140 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Steven Madden by 181.2% during the 4th quarter. SG Americas Securities LLC now owns 9,112 shares of the textile maker's stock valued at $387,000 after purchasing an additional 5,872 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SHOO shares. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research note on Friday, May 2nd. Citigroup dropped their price objective on Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. UBS Group lifted their target price on Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Steven Madden in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.00.
Read Our Latest Stock Analysis on SHOO
Steven Madden Stock Performance
Shares of SHOO traded down $0.41 during mid-day trading on Monday, hitting $25.77. 1,503,702 shares of the stock were exchanged, compared to its average volume of 1,027,858. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $50.01. The firm has a 50-day moving average of $23.41 and a two-hundred day moving average of $34.73. The company has a market cap of $1.87 billion, a PE ratio of 10.97 and a beta of 1.04.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The company had revenue of $551.38 million for the quarter, compared to analysts' expectations of $557.81 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.
Steven Madden Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.26%. Steven Madden's dividend payout ratio is 36.21%.
About Steven Madden
(
Free Report)
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.
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