Steven Madden, Ltd. (NASDAQ:SHOO) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp reduced its position in shares of Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,496 shares of the textile maker’s stock after selling 1,202 shares during the period. Dupont Capital Management Corp’s holdings in Steven Madden were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Steven Madden by 18.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the textile maker’s stock valued at $134,000 after acquiring an additional 640 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in Steven Madden by 27.6% in the first quarter. Eqis Capital Management Inc. now owns 5,955 shares of the textile maker’s stock valued at $230,000 after acquiring an additional 1,288 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Steven Madden in the second quarter valued at $214,000. KBC Group NV bought a new stake in Steven Madden during the second quarter valued at $216,000. Finally, Verition Fund Management LLC bought a new stake in Steven Madden during the first quarter valued at $275,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Steven Madden Trading Up 1.1 %

Shares of NASDAQ SHOO opened at $33.56 on Monday. Steven Madden, Ltd. has a twelve month low of $26.36 and a twelve month high of $45.04. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 10.62 and a beta of 1.11. The firm has a 50-day moving average of $32.83 and a two-hundred day moving average of $31.45.

Steven Madden (NASDAQ:SHOOGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The textile maker reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Steven Madden had a net margin of 11.22% and a return on equity of 30.37%. The company had revenue of $556.64 million during the quarter, compared to analyst estimates of $532.33 million. As a group, research analysts predict that Steven Madden, Ltd. will post 2.81 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 30th. Shareholders of record on Friday, December 16th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, December 15th. Steven Madden’s dividend payout ratio is presently 26.58%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHOO. Citigroup lowered their target price on shares of Steven Madden from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. BNP Paribas started coverage on shares of Steven Madden in a research report on Wednesday, September 21st. They set an “outperform” rating for the company. StockNews.com started coverage on shares of Steven Madden in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Telsey Advisory Group lowered their price target on shares of Steven Madden from $38.00 to $34.00 and set a “market perform” rating for the company in a research report on Thursday, November 3rd. Finally, CL King upgraded shares of Steven Madden from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 28th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.71.

Steven Madden Company Profile

(Get Rating)

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear.

See Also

Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

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