Yousif Capital Management LLC Has $1.16 Million Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Yousif Capital Management LLC lessened its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 27,373 shares of the textile maker’s stock after selling 627 shares during the quarter. Yousif Capital Management LLC’s holdings in Steven Madden were worth $1,164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SHOO. Gladius Capital Management LP acquired a new stake in Steven Madden during the 3rd quarter worth $36,000. R Squared Ltd acquired a new position in shares of Steven Madden in the fourth quarter valued at approximately $55,000. Exchange Traded Concepts LLC acquired a new position in shares of Steven Madden in the third quarter valued at approximately $59,000. Blue Trust Inc. increased its holdings in Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after purchasing an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Steven Madden by 4,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 1,872 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $39.67 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 16.88 and a beta of 1.07. Steven Madden, Ltd. has a fifty-two week low of $36.40 and a fifty-two week high of $50.01. The stock has a fifty day moving average price of $41.39 and a 200-day moving average price of $43.92.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s payout ratio is presently 35.74%.

Analyst Upgrades and Downgrades

SHOO has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research report on Thursday. Telsey Advisory Group dropped their price objective on shares of Steven Madden from $50.00 to $44.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup dropped their price target on Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Piper Sandler decreased their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Seven 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.com, Steven Madden currently has an average rating of “Hold” and an average target price of $43.33.

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.