Bank of New York Mellon Corp Grows Stock Holdings in Steven Madden, Ltd. $SHOO

Bank of New York Mellon Corp boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 797,006 shares of the textile maker’s stock after buying an additional 4,840 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.10% of Steven Madden worth $19,112,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Covestor Ltd boosted its position in shares of Steven Madden by 22.9% during the 1st quarter. Covestor Ltd now owns 4,906 shares of the textile maker’s stock worth $130,000 after acquiring an additional 915 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Steven Madden by 17.5% in the first quarter. HighTower Advisors LLC now owns 7,567 shares of the textile maker’s stock valued at $202,000 after purchasing an additional 1,128 shares in the last quarter. Bank of Montreal Can boosted its holdings in Steven Madden by 9.7% in the second quarter. Bank of Montreal Can now owns 14,175 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,257 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $1,143,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in Steven Madden by 8.6% during the first quarter. Vident Advisory LLC now owns 18,748 shares of the textile maker’s stock worth $499,000 after purchasing an additional 1,481 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHOO shares. Citigroup restated a “buy” rating and issued a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research report on Wednesday, July 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Steven Madden in a report on Wednesday, November 12th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, UBS Group upped their target price on Steven Madden from $26.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Steven Madden has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

Steven Madden Stock Down 0.7%

SHOO opened at $37.92 on Monday. Steven Madden, Ltd. has a 52 week low of $19.05 and a 52 week high of $46.76. The business has a 50 day moving average price of $34.24 and a two-hundred day moving average price of $28.59. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.76 billion, a PE ratio of 29.86 and a beta of 1.31.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. The company had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, research analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, December 15th. Steven Madden’s payout ratio is currently 106.33%.

Steven Madden Company 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.