Steven Madden, Ltd. (NASDAQ:SHOO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 53.4% during the 4th quarter, HoldingsChannel reports. The firm owned 74,779 shares of the textile maker’s stock after purchasing an additional 26,043 shares during the quarter. American Century Companies Inc.’s holdings in Steven Madden were worth $3,180,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SHOO. FMR LLC grew its holdings in shares of Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after purchasing an additional 528,619 shares during the period. BNP Paribas Financial Markets boosted its stake in Steven Madden by 35.5% during the third quarter. BNP Paribas Financial Markets now owns 41,174 shares of the textile maker’s stock worth $2,017,000 after buying an additional 10,797 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Steven Madden by 2.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 170,397 shares of the textile maker’s stock valued at $8,348,000 after acquiring an additional 4,745 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Steven Madden by 16.0% in the 3rd quarter. Captrust Financial Advisors now owns 7,020 shares of the textile maker’s stock valued at $344,000 after acquiring an additional 970 shares during the period. Finally, State Street Corp lifted its holdings in shares of Steven Madden by 1.7% in the 3rd quarter. State Street Corp now owns 2,756,075 shares of the textile maker’s stock worth $135,020,000 after acquiring an additional 47,017 shares during the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHOO has been the topic of a number of research analyst reports. Citigroup cut their target price on Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Loop Capital lowered their target price on Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research note on Thursday, February 27th. Piper Sandler lowered 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 note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.33.

Steven Madden Stock Performance

Shares of SHOO stock opened at $24.10 on Monday. The stock’s 50-day moving average is $32.66 and its two-hundred day moving average is $40.39. Steven Madden, Ltd. has a 1 year low of $22.24 and a 1 year high of $50.01. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.26 and a beta of 0.98.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. As a group, research analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, March 10th. Steven Madden’s payout ratio is currently 35.74%.

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.