Steven Madden, Ltd. (NASDAQ:SHOO) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,020 shares of the textile maker’s stock after purchasing an additional 970 shares during the period. Captrust Financial Advisors’ holdings in Steven Madden were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in shares of Steven Madden by 3.1% in the second quarter. Mackenzie Financial Corp now owns 8,232 shares of the textile maker’s stock worth $348,000 after acquiring an additional 248 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Steven Madden by 1.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 35,100 shares of the textile maker’s stock worth $1,720,000 after purchasing an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Steven Madden by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,141 shares of the textile maker’s stock valued at $1,698,000 after purchasing an additional 484 shares during the last quarter. KBC Group NV lifted its holdings in Steven Madden by 34.1% in the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 561 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Steven Madden by 0.5% during the 2nd quarter. Sei Investments Co. now owns 125,678 shares of the textile maker’s stock worth $5,316,000 after purchasing an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $43.67 on Friday. The business has a 50-day moving average of $45.25 and a two-hundred day moving average of $44.69. The firm has a market capitalization of $3.15 billion, a PE ratio of 18.58 and a beta of 1.07. Steven Madden, Ltd. has a 12 month low of $37.99 and a 12 month high of $50.01.

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

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.21 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 1.92%. Steven Madden’s dividend payout ratio is currently 35.74%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SHOO. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research report on Thursday, December 5th. Citigroup boosted their price target on Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler restated a “neutral” rating and set a $45.00 price objective on shares of Steven Madden in a report on Friday, August 23rd. StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a research note on Sunday, November 24th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $50.00 price target on shares of Steven Madden in a report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Steven Madden presently has an average rating of “Hold” and a consensus price target of $45.43.

About Steven Madden

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.