Natixis Advisors LLC Purchases 1,155 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Natixis Advisors LLC grew its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.9% during the third quarter, HoldingsChannel.com reports. The firm owned 40,735 shares of the textile maker’s stock after buying an additional 1,155 shares during the quarter. Natixis Advisors LLC’s holdings in Steven Madden were worth $1,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its position in Steven Madden by 9,166.7% in the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 825 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Steven Madden during the 3rd quarter worth about $59,000. GAMMA Investing LLC grew 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 valued at $65,000 after acquiring an additional 593 shares in the last quarter. International Assets Investment Management LLC grew 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 in the last quarter. Finally, KBC Group NV increased its position in shares of Steven Madden by 34.1% in the third 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 during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHOO has been the subject of several recent research reports. Telsey Advisory Group reissued a “market perform” rating and set a $50.00 price target on shares of Steven Madden in a research report on Wednesday, November 13th. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Sunday. Wedbush restated a “neutral” rating and set a $41.00 target price on shares of Steven Madden in a report on Wednesday, August 7th. Piper Sandler reiterated a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a research note on Friday, August 23rd. Finally, Needham & Company LLC assumed coverage on shares of Steven Madden in a research note on Friday. They set a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.43.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $45.41 on Tuesday. The business has a fifty day simple moving average of $46.28 and a two-hundred day simple moving average of $44.47. Steven Madden, Ltd. has a 1 year low of $36.56 and a 1 year high of $50.01. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.32 and a beta of 1.08.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $624.68 million during 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%. Steven Madden’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. As a group, equities analysts anticipate that Steven Madden, Ltd. will post 2.65 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, December 13th. Steven Madden’s dividend payout ratio is presently 35.74%.

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.