Creative Planning Purchases 73,331 Shares of Steven Madden, Ltd. $SHOO

Creative Planning grew its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 463.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,156 shares of the textile maker’s stock after purchasing an additional 73,331 shares during the quarter. Creative Planning owned about 0.12% of Steven Madden worth $2,138,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Steven Madden by 7.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,722 shares of the textile maker’s stock valued at $209,000 after buying an additional 610 shares in the last quarter. Covestor Ltd lifted its position in shares of Steven Madden by 22.9% during 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 in the last quarter. HighTower Advisors LLC boosted its holdings 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. Bank of Montreal Can grew its position in shares of 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Steven Madden by 7.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,647 shares of the textile maker’s stock valued at $447,000 after purchasing an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Up 2.2%

Shares of SHOO opened at $41.55 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $46.76. The company has a market capitalization of $3.02 billion, a P/E ratio of 32.72 and a beta of 1.31. The firm’s 50 day simple moving average is $35.32 and its 200 day simple moving average is $29.42.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The company had revenue of $667.88 million during the quarter, compared to the consensus estimate of $697.89 million. During the same period in the previous year, the company earned $0.91 EPS. Steven Madden’s quarterly revenue was up 6.9% on a year-over-year basis. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Sell-side analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s payout ratio is 106.33%.

Analysts Set New Price Targets

SHOO has been the subject of several analyst reports. Citigroup restated a “buy” rating and issued a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. BTIG Research raised their price objective on shares of Steven Madden from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. UBS Group boosted their price objective on shares of Steven Madden from $26.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $45.00 target price on shares of Steven Madden in a research note on Wednesday, November 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

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.