Signaturefd LLC Acquires 2,059 Shares of Steven Madden, Ltd. $SHOO

Signaturefd LLC lifted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 475.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,492 shares of the textile maker’s stock after acquiring an additional 2,059 shares during the period. Signaturefd LLC’s holdings in Steven Madden were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Steven Madden by 22.9% in the first quarter. Covestor Ltd now owns 4,906 shares of the textile maker’s stock worth $130,000 after acquiring an additional 915 shares during the period. HighTower Advisors LLC boosted its stake in shares of Steven Madden by 17.5% in the first quarter. HighTower Advisors LLC now owns 7,567 shares of the textile maker’s stock worth $202,000 after acquiring an additional 1,128 shares during the period. CX Institutional bought a new position in shares of Steven Madden in the first quarter worth about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Steven Madden by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after acquiring an additional 1,437 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of Steven Madden by 8.6% in the first quarter. Vident Advisory LLC now owns 18,748 shares of the textile maker’s stock worth $499,000 after acquiring an additional 1,481 shares during the period. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 0.5%

Shares of NASDAQ SHOO opened at $34.43 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.50 billion, a PE ratio of 27.11 and a beta of 1.22. The stock’s fifty day simple moving average is $29.23 and its two-hundred day simple moving average is $25.90. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $49.38.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, July 30th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $556.09 million for the quarter, compared to the consensus estimate of $575.83 million. Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. As a group, analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, September 12th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Steven Madden’s dividend payout ratio (DPR) is 66.14%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SHOO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research note on Wednesday, July 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 target price (up from $24.00) on shares of Steven Madden in a research report on Wednesday, July 30th. Wall Street Zen downgraded Steven Madden from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. UBS Group boosted their target price on Steven Madden from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Citigroup upgraded Steven Madden from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $32.00 in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.80.

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.