Dimensional Fund Advisors LP decreased its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,199,602 shares of the textile maker's stock after selling 55,431 shares during the period. Dimensional Fund Advisors LP owned approximately 2.95% of Steven Madden worth $92,387,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHOO. GAMMA Investing LLC acquired a new stake in shares of Steven Madden in the 4th quarter worth approximately $32,000. International Assets Investment Management LLC grew its holdings in shares of Steven Madden by 4,100.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker's stock worth $69,000 after acquiring an additional 1,599 shares during the period. Covestor Ltd grew its holdings in shares of Steven Madden by 32.9% in the 3rd quarter. Covestor Ltd now owns 5,320 shares of the textile maker's stock worth $169,000 after acquiring an additional 1,316 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Steven Madden in the 4th quarter worth approximately $207,000. Finally, Steele Capital Management Inc. acquired a new stake in shares of Steven Madden in the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 99.88% of the company's stock.
Steven Madden Price Performance
NASDAQ SHOO traded up $0.15 during trading hours on Thursday, hitting $41.45. The company had a trading volume of 461,422 shares, compared to its average volume of 753,207. Steven Madden, Ltd. has a fifty-two week low of $29.92 and a fifty-two week high of $45.63. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.11 and a beta of 1.15. The firm's 50 day moving average is $40.79 and its 200 day moving average is $40.83.
Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Steven Madden had a return on equity of 22.68% and a net margin of 8.65%. The firm had revenue of $552.38 million during the quarter, compared to the consensus estimate of $525.04 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities analysts anticipate that Steven Madden, Ltd. will post 2.62 EPS for the current year.
Steven Madden Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, June 10th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. Steven Madden's dividend payout ratio is presently 34.71%.
Insider Activity
In other news, Director Peter Allan Davis sold 1,200 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $42.13, for a total transaction of $50,556.00. Following the completion of the sale, the director now directly owns 5,751 shares in the company, valued at $242,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter Allan Davis sold 1,200 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $42.13, for a total transaction of $50,556.00. Following the completion of the sale, the director now directly owns 5,751 shares in the company, valued at $242,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lisa Keith sold 2,400 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.73, for a total transaction of $100,152.00. Following the transaction, the executive vice president now directly owns 20,687 shares in the company, valued at approximately $863,268.51. The disclosure for this sale can be found here. Insiders sold 59,346 shares of company stock worth $2,464,841 over the last ninety days. Corporate insiders own 2.08% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SHOO shares. Telsey Advisory Group restated a "market perform" rating and issued a $44.00 price target on shares of Steven Madden in a report on Friday, April 26th. Wedbush reaffirmed a "neutral" rating and issued a $41.00 target price on shares of Steven Madden in a research note on Friday, May 17th. StockNews.com raised Steven Madden from a "hold" rating to a "buy" rating in a research note on Thursday, February 29th. Piper Sandler began coverage on Steven Madden in a research note on Wednesday, February 14th. They set a "neutral" rating and a $45.00 price target on the stock. Finally, Citigroup increased their price target on Steven Madden from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.75.
Read Our Latest Analysis on Steven Madden
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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