Yousif Capital Management LLC Purchases 634 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Yousif Capital Management LLC boosted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,824 shares of the textile maker’s stock after buying an additional 634 shares during the period. Yousif Capital Management LLC’s holdings in Steven Madden were worth $1,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Steven Madden during the 4th quarter valued at about $32,000. International Assets Investment Management LLC grew its stake in 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 buying an additional 1,599 shares in the last quarter. Covestor Ltd increased 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 buying an additional 1,316 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Steven Madden in the 4th quarter worth $207,000. Finally, Vest Financial LLC purchased a new stake in shares of Steven Madden during the 4th quarter valued at $238,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Steven Madden

In other news, CEO Edward R. Rosenfeld sold 48,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the transaction, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Peter Allan Davis sold 1,200 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.13, for a total value of $50,556.00. Following the completion of the transaction, the director now directly owns 5,751 shares of the company’s stock, valued at $242,289.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the sale, the chief executive officer now owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The disclosure for this sale can be found here. Insiders sold 59,346 shares of company stock valued at $2,464,841 in the last 90 days. Insiders own 2.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHOO shares. StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Citigroup raised their price objective on Steven Madden from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Wedbush boosted their target price on Steven Madden from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Piper Sandler started coverage on shares of Steven Madden in a research report on Wednesday, February 14th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, Williams Trading restated a “hold” rating and issued a $44.00 price objective on shares of Steven Madden in a report on Wednesday, February 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.38.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $40.11 on Friday. Steven Madden, Ltd. has a one year low of $29.92 and a one year high of $45.63. The business’s 50 day simple moving average is $41.22 and its two-hundred day simple moving average is $39.96. The stock has a market capitalization of $2.94 billion, a P/E ratio of 16.57 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, May 1st. The textile maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Steven Madden had a net margin of 8.65% and a return on equity of 22.68%. The company had revenue of $552.38 million for the quarter, compared to the consensus estimate of $525.04 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts expect that Steven Madden, Ltd. will post 2.61 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, June 10th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. Steven Madden’s dividend payout ratio is presently 34.71%.

About Steven Madden

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.