Jane Street Group LLC Sells 81,314 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Jane Street Group LLC lowered its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 65.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,208 shares of the textile maker’s stock after selling 81,314 shares during the period. Jane Street Group LLC’s holdings in Steven Madden were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SHOO. Barclays PLC increased its position in shares of Steven Madden by 286.9% during the third quarter. Barclays PLC now owns 139,206 shares of the textile maker’s stock valued at $6,819,000 after acquiring an additional 103,226 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Steven Madden by 278.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 106,972 shares of the textile maker’s stock worth $4,548,000 after purchasing an additional 78,672 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Steven Madden by 75.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 7,323 shares of the textile maker’s stock worth $311,000 after purchasing an additional 3,143 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Steven Madden by 8.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 462,786 shares of the textile maker’s stock worth $19,678,000 after purchasing an additional 35,140 shares during the period. Finally, SG Americas Securities LLC grew its position in Steven Madden by 181.2% in the 4th quarter. SG Americas Securities LLC now owns 9,112 shares of the textile maker’s stock worth $387,000 after purchasing an additional 5,872 shares during the period. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $26.18 on Friday. The company has a market capitalization of $1.90 billion, a P/E ratio of 11.14 and a beta of 1.04. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $50.01. The firm’s 50 day simple moving average is $23.41 and its two-hundred day simple moving average is $34.80.

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

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. Steven Madden’s payout ratio is 36.21%.

Analyst Ratings Changes

A number of equities research analysts have commented on SHOO shares. Loop Capital cut their target price on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Citigroup cut their target price on shares of Steven Madden from $35.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Piper Sandler cut their target price on shares of Steven Madden from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $24.00 target price on shares of Steven Madden in a research report on Thursday, May 8th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and a consensus target price of $32.00.

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.