Steven Madden, Ltd. $SHOO Stake Trimmed by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 71.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,185 shares of the textile maker’s stock after selling 143,455 shares during the period. Harbor Capital Advisors Inc. owned about 0.08% of Steven Madden worth $1,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHOO. Invesco Ltd. increased its position in shares of Steven Madden by 50.5% in the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after acquiring an additional 814,318 shares in the last quarter. Millennium Management LLC boosted its stake in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after purchasing an additional 568,477 shares during the period. Nixon Capital LLC grew its position in Steven Madden by 303.5% during the 2nd quarter. Nixon Capital LLC now owns 708,466 shares of the textile maker’s stock worth $16,989,000 after purchasing an additional 532,870 shares in the last quarter. Franklin Resources Inc. grew its position in Steven Madden by 102.4% during the 2nd quarter. Franklin Resources Inc. now owns 770,548 shares of the textile maker’s stock worth $18,478,000 after purchasing an additional 389,878 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Steven Madden during the 2nd quarter valued at $5,470,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Stock Up 0.2%

SHOO opened at $42.80 on Friday. The company has a market capitalization of $3.11 billion, a PE ratio of 54.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. Steven Madden, Ltd. has a fifty-two week low of $19.05 and a fifty-two week high of $44.99. The business has a 50-day moving average of $39.49 and a 200-day moving average of $32.07.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $667.88 million during the quarter, compared to the consensus estimate of $697.89 million. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Equities research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on SHOO shares. UBS Group reaffirmed a “neutral” rating and issued a $43.00 target price on shares of Steven Madden in a research report on Tuesday, December 9th. Citigroup reissued a “buy” rating and issued a $41.00 price objective (up from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. BTIG Research reiterated a “buy” rating and issued a $50.00 target price (up previously from $43.00) on shares of Steven Madden in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Steven Madden currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Steven Madden Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.