Peak6 LLC Purchases Shares of 22,992 Steven Madden, Ltd. (NASDAQ:SHOO)

PEAK6 LLC purchased a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,992 shares of the textile maker's stock, valued at approximately $978,000.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Steven Madden in the 4th quarter worth approximately $55,000. Blue Trust Inc. grew its position in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after buying an additional 339 shares during the last quarter. KBC Group NV increased its holdings in shares of Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock valued at $128,000 after buying an additional 805 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after acquiring an additional 741 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Steven Madden during the 4th quarter worth $177,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Trading Down 1.7 %

Steven Madden stock traded down $0.36 on Friday, reaching $20.80. 793,098 shares of the stock were exchanged, compared to its average volume of 931,743. The stock has a market cap of $1.51 billion, a PE ratio of 8.85 and a beta of 0.98. The firm has a fifty day moving average price of $26.36 and a two-hundred day moving average price of $37.32. Steven Madden, Ltd. has a twelve month low of $19.05 and a twelve month high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The company had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Equities analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHOO shares. UBS Group reduced their target price on Steven Madden from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday. Telsey Advisory Group decreased their target price on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Finally, Piper Sandler lowered their price objective on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.57.

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.