Steven Madden, Ltd. (NASDAQ:SHOO) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) by 11.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,424 shares of the textile maker’s stock after acquiring an additional 3,657 shares during the period. SG Americas Securities LLC’s holdings in Steven Madden were worth $918,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Synovus Financial Corp raised its holdings in Steven Madden by 1.6% in the 2nd quarter. Synovus Financial Corp now owns 21,011 shares of the textile maker’s stock valued at $673,000 after acquiring an additional 333 shares during the last quarter. Bank of Montreal Can raised its holdings in Steven Madden by 1.9% in the 1st quarter. Bank of Montreal Can now owns 22,683 shares of the textile maker’s stock valued at $912,000 after acquiring an additional 414 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Steven Madden by 1.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 52,702 shares of the textile maker’s stock valued at $2,036,000 after acquiring an additional 538 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Steven Madden by 18.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the textile maker’s stock valued at $134,000 after buying an additional 640 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Steven Madden by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,050 shares of the textile maker’s stock valued at $544,000 after buying an additional 767 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Steven Madden Stock Performance

Shares of SHOO stock opened at $32.48 on Friday. Steven Madden, Ltd. has a one year low of $26.36 and a one year high of $45.04. The firm’s 50 day moving average price is $33.00 and its 200-day moving average price is $31.49. The firm has a market cap of $2.53 billion, a P/E ratio of 10.28 and a beta of 1.11.

Steven Madden (NASDAQ:SHOOGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The textile maker reported $0.79 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $532.33 million. As a group, research analysts predict that Steven Madden, Ltd. will post 2.81 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, December 15th. Steven Madden’s dividend payout ratio is currently 26.58%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SHOO shares. Wedbush cut shares of Steven Madden from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $29.00 in a research note on Tuesday, November 1st. CL King raised shares of Steven Madden from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th. Citigroup dropped their price target 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. Telsey Advisory Group decreased their price objective on shares of Steven Madden from $38.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, November 3rd. Finally, StockNews.com initiated coverage on shares of Steven Madden in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Steven Madden presently has a consensus rating of “Hold” and an average price target of $38.71.

Steven Madden Profile

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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.

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

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