Steven Madden, Ltd. (NASDAQ:SHOO) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,660 shares of the textile maker’s stock after selling 713 shares during the period. Yousif Capital Management LLC’s holdings in Steven Madden were worth $710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHOO. Quarry LP grew its position in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,110 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after purchasing an additional 741 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Steven Madden in the 4th quarter valued at approximately $177,000. Mariner LLC boosted its position in shares of Steven Madden by 7.2% during the fourth quarter. Mariner LLC now owns 4,740 shares of the textile maker’s stock worth $202,000 after buying an additional 319 shares during the period. Finally, Xponance Inc. increased its stake in Steven Madden by 12.3% during the fourth quarter. Xponance Inc. now owns 5,320 shares of the textile maker’s stock worth $226,000 after purchasing an additional 584 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Price Performance

NASDAQ SHOO opened at $23.25 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 10.02 and a beta of 1.12. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $50.01. The business’s 50-day simple moving average is $23.34 and its 200-day simple moving average is $31.62.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Steven Madden had a net margin of 7.26% and a return on equity of 21.63%. The company had revenue of $551.38 million for the quarter, compared to analyst estimates of $557.81 million. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.61%. Steven Madden’s dividend payout ratio (DPR) is presently 36.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price target 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. Loop Capital dropped their price objective on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 price objective on shares of Steven Madden in a report on Wednesday, June 4th. UBS Group boosted their target price on Steven Madden from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Steven Madden currently has a consensus rating of “Hold” and an average price target of $28.50.

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.