Tudor Investment Corp ET AL Grows Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Tudor Investment Corp ET AL grew its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 679.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,106 shares of the textile maker's stock after acquiring an additional 74,187 shares during the quarter. Tudor Investment Corp ET AL owned about 0.12% of Steven Madden worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Pictet Asset Management Holding SA boosted its stake in shares of Steven Madden by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,503 shares of the textile maker's stock worth $447,000 after buying an additional 1,594 shares during the last quarter. Bank of Montreal Can grew its stake in Steven Madden by 5.5% in the 4th quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock valued at $453,000 after purchasing an additional 554 shares during the period. Principal Financial Group Inc. increased its position in shares of Steven Madden by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker's stock valued at $16,208,000 after purchasing an additional 11,602 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Steven Madden by 26.4% in the 4th quarter. JPMorgan Chase & Co. now owns 584,068 shares of the textile maker's stock worth $24,835,000 after purchasing an additional 121,972 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Steven Madden by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker's stock valued at $47,736,000 after purchasing an additional 25,903 shares during the period. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Trading Up 2.1 %

Shares of SHOO stock traded up $0.49 during mid-day trading on Thursday, reaching $23.91. The stock had a trading volume of 847,701 shares, compared to its average volume of 961,108. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $50.01. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.17 and a beta of 1.04. The business's fifty day moving average is $23.87 and its 200-day moving average is $35.84.

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 for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. The business had revenue of $551.38 million during 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 company's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.51%. Steven Madden's dividend payout ratio (DPR) is 35.74%.

Analyst Ratings Changes

Several brokerages have recently commented on SHOO. Piper Sandler cut their price objective on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a report on Friday, May 2nd. UBS Group cut their price target on shares of Steven Madden from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Finally, Loop Capital decreased their target price on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.86.

Steven Madden Company 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.