Amundi Acquires 25,183 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Amundi raised its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 149.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,089 shares of the textile maker’s stock after purchasing an additional 25,183 shares during the period. Amundi’s holdings in Steven Madden were worth $1,734,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SHOO. R Squared Ltd purchased a new position in Steven Madden during the fourth quarter valued at approximately $55,000. Blue Trust Inc. lifted its holdings in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after buying an additional 339 shares during the period. KBC Group NV boosted its position in Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 561 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 741 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in shares of Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock worth $179,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Up 1.8 %

NASDAQ SHOO opened at $25.76 on Tuesday. Steven Madden, Ltd. has a 12-month low of $24.97 and a 12-month high of $50.01. The company has a fifty day simple moving average of $36.85 and a two-hundred day simple moving average of $42.21. The stock has a market cap of $1.86 billion, a P/E ratio of 10.96 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $582.32 million during 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, sell-side analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.26%. Steven Madden’s dividend payout ratio is currently 35.74%.

Wall Street Analyst Weigh In

SHOO has been the topic of a number of recent research reports. Telsey Advisory Group dropped their price objective on Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. Finally, Loop Capital cut their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Steven Madden currently has an average rating of “Hold” and a consensus target price of $40.33.

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.