Harbor Capital Advisors Inc. Grows Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Harbor Capital Advisors Inc. raised its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,271 shares of the textile maker’s stock after acquiring an additional 2,266 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.17% of Steven Madden worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in Steven Madden in the third quarter worth $36,000. Exchange Traded Concepts LLC purchased a new position in shares of Steven Madden in the 3rd quarter worth $59,000. GAMMA Investing LLC increased its holdings in shares of Steven Madden by 80.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock worth $65,000 after buying an additional 593 shares during the last quarter. Blue Trust Inc. raised its position in shares of Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock valued at $79,000 after buying an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of 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 during the last quarter. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Stock Down 0.7 %

Shares of Steven Madden stock opened at $40.92 on Friday. Steven Madden, Ltd. has a 52 week low of $37.99 and a 52 week high of $50.01. The company has a market capitalization of $2.95 billion, a PE ratio of 17.41 and a beta of 1.08. The stock’s fifty day moving average is $43.58 and its two-hundred day moving average is $44.48.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $624.68 million for the quarter, compared to analysts’ expectations of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 2.05%. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SHOO shares. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $50.00 price target on shares of Steven Madden in a report on Wednesday, November 13th. Citigroup raised their price target on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.33.

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.