Creative Planning Raises Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Creative Planning boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 78.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 10,791 shares of the textile maker’s stock after purchasing an additional 4,752 shares during the period. Creative Planning’s holdings in Steven Madden were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Steven Madden by 9,166.7% in the 2nd quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock worth $35,000 after purchasing an additional 825 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Steven Madden during the 1st quarter valued at approximately $47,000. EntryPoint Capital LLC purchased a new position in shares of Steven Madden during the 1st quarter valued at approximately $81,000. nVerses Capital LLC lifted its position in shares of Steven Madden by 3,600.0% during the 2nd quarter. nVerses Capital LLC now owns 3,700 shares of the textile maker’s stock valued at $157,000 after buying an additional 3,600 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Steven Madden during the 1st quarter valued at approximately $170,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analyst Ratings Changes

SHOO has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and issued a $44.00 price objective on shares of Steven Madden in a report on Wednesday, July 31st. Wedbush reaffirmed a “neutral” rating and issued a $41.00 target price on shares of Steven Madden in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a research note on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and a consensus price target of $44.29.

Steven Madden Price Performance

SHOO stock opened at $48.17 on Wednesday. Steven Madden, Ltd. has a 1 year low of $31.56 and a 1 year high of $50.01. The business’s 50-day moving average is $45.70 and its two-hundred day moving average is $43.49. The firm has a market capitalization of $3.53 billion, a P/E ratio of 19.90 and a beta of 1.08.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The firm had revenue of $523.60 million for the quarter, compared to the consensus estimate of $515.15 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, analysts expect that Steven Madden, Ltd. will post 2.62 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, September 13th. Steven Madden’s dividend payout ratio (DPR) is 34.71%.

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.