Systematic Financial Management LP Acquires 45,930 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Systematic Financial Management LP raised its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,056 shares of the textile maker's stock after buying an additional 45,930 shares during the quarter. Systematic Financial Management LP owned about 0.67% of Steven Madden worth $20,625,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Steven Madden in the 4th quarter valued at about $55,000. Quarry LP raised its position in shares of Steven Madden by 403.6% in the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after purchasing an additional 1,110 shares during the period. Blue Trust Inc. lifted its stake in shares of Steven Madden by 20.9% during the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after buying an additional 339 shares in the last quarter. KBC Group NV lifted its stake in shares of Steven Madden by 36.5% during the 4th 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. Finally, Smartleaf Asset Management LLC boosted its holdings in Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after buying an additional 741 shares during the period. Hedge funds and other institutional investors own 99.88% of the company's stock.

Wall Street Analysts Forecast Growth

SHOO has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Steven Madden in a research note on Thursday, May 8th. Loop Capital dropped their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a report on Friday, May 2nd. Finally, Citigroup decreased 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 and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.00.

Steven Madden Price Performance

Shares of NASDAQ:SHOO traded up $0.72 on Tuesday, hitting $26.49. The company's stock had a trading volume of 1,168,942 shares, compared to its average volume of 1,031,140. The company has a market capitalization of $1.92 billion, a PE ratio of 11.27 and a beta of 1.04. The company has a 50-day simple moving average of $23.42 and a 200 day simple moving average of $34.54. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $50.01.

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

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Monday, June 9th. Steven Madden's dividend payout ratio is currently 36.21%.

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.