Fisher Asset Management LLC Sells 429,924 Shares of Steven Madden, Ltd. $SHOO

Fisher Asset Management LLC lowered its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 56.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 326,000 shares of the textile maker’s stock after selling 429,924 shares during the period. Fisher Asset Management LLC owned approximately 0.45% of Steven Madden worth $7,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in Steven Madden by 328.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 1,657 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Steven Madden by 475.5% during the 2nd quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock valued at $60,000 after purchasing an additional 2,059 shares during the last quarter. Covestor Ltd boosted its position in shares of Steven Madden by 22.9% in the 1st quarter. Covestor Ltd now owns 4,906 shares of the textile maker’s stock worth $130,000 after purchasing an additional 915 shares in the last quarter. Gagnon Securities LLC purchased a new position in Steven Madden during the 1st quarter worth $140,000. Finally, HighTower Advisors LLC increased its position in Steven Madden by 17.5% during the 1st quarter. HighTower Advisors LLC now owns 7,567 shares of the textile maker’s stock valued at $202,000 after buying an additional 1,128 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

SHOO has been the subject of several recent analyst reports. Citigroup reissued a “buy” rating and issued a $41.00 price target (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Piper Sandler increased their price objective on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $43.00) on shares of Steven Madden in a report on Thursday. Finally, 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 report on Thursday, November 6th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $43.09 on Friday. The company has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $30.16. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 54.54 and a beta of 1.13. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month high of $45.65.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, December 15th. Steven Madden’s payout ratio is 106.33%.

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.