Steven Madden, Ltd. (NASDAQ:SHOO) Position Decreased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,513 shares of the textile maker’s stock after selling 27,281 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Steven Madden were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Steven Madden during the 4th quarter valued at about $55,000. Quarry LP lifted its stake in Steven Madden by 403.6% during the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,110 shares in the last quarter. Blue Trust Inc. lifted its stake in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock valued at $83,000 after buying an additional 339 shares in the last quarter. KBC Group NV lifted its stake in Steven Madden by 36.5% during the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock valued at $128,000 after buying an additional 805 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after buying an additional 741 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Analyst Ratings Changes

SHOO has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Steven Madden from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Piper Sandler reduced their price objective on shares of Steven Madden from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research note on Friday, May 2nd. Citigroup reduced their price objective on shares of Steven Madden from $35.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Steven Madden in a research note on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and an average price target of $32.00.

Steven Madden Price Performance

NASDAQ SHOO opened at $25.07 on Friday. The company has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $34.33. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.67 and a beta of 1.04. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $50.01.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The business had revenue of $551.38 million during the quarter, compared to analyst estimates of $557.81 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Monday, June 9th. Steven Madden’s dividend payout ratio (DPR) is 36.21%.

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.