Steven Madden, Ltd. (NASDAQ:SHOO) Shares Acquired by Xponance Inc.

Xponance Inc. increased its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,320 shares of the textile maker’s stock after purchasing an additional 584 shares during the period. Xponance Inc.’s holdings in Steven Madden were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Steven Madden by 8,180.4% during the third quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after buying an additional 528,619 shares during the period. Geode Capital Management LLC raised its stake in Steven Madden by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock valued at $83,812,000 after acquiring an additional 49,075 shares during the last quarter. Principal Financial Group Inc. lifted its position in Steven Madden by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker’s stock worth $16,208,000 after acquiring an additional 11,602 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Steven Madden by 2.4% in 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 last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Steven Madden by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 745,798 shares of the textile maker’s stock valued at $31,711,000 after purchasing an additional 17,124 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Trading Down 1.7 %

SHOO stock opened at $26.65 on Friday. The firm has a 50 day moving average of $34.23 and a 200-day moving average of $41.13. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 11.34 and a beta of 1.06. Steven Madden, Ltd. has a 12-month low of $24.56 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $582.32 million during the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. Sell-side analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Monday, March 10th. Steven Madden’s payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Telsey Advisory Group decreased their price target on 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 research note on Monday, February 3rd. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler reduced their price objective on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and a consensus target price of $40.33.

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.