Corient Private Wealth LLC Invests $373,000 in Steven Madden, Ltd. $SHOO

Corient Private Wealth LLC acquired a new stake in Steven Madden, Ltd. (NASDAQ:SHOO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,543 shares of the textile maker’s stock, valued at approximately $373,000.

Other institutional investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp raised its stake in shares of Steven Madden by 31.0% during the 2nd quarter. Texas Permanent School Fund Corp now owns 43,930 shares of the textile maker’s stock worth $1,053,000 after buying an additional 10,391 shares in the last quarter. Squarepoint Ops LLC raised its position in Steven Madden by 799.9% in the second quarter. Squarepoint Ops LLC now owns 200,652 shares of the textile maker’s stock worth $4,812,000 after acquiring an additional 178,354 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Steven Madden by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after acquiring an additional 378 shares during the period. Public Sector Pension Investment Board lifted its holdings in Steven Madden by 8.2% in the second quarter. Public Sector Pension Investment Board now owns 247,591 shares of the textile maker’s stock valued at $5,937,000 after acquiring an additional 18,697 shares during the period. Finally, FORA Capital LLC purchased a new stake in shares of Steven Madden during the 2nd quarter worth $288,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BTIG Research reiterated 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, December 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a report on Wednesday, December 17th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Citigroup reaffirmed 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. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 price objective on shares of Steven Madden in a report on Tuesday, December 9th. One investment 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. Based on data from MarketBeat, Steven Madden has an average rating of “Moderate Buy” and a consensus price target of $44.83.

Steven Madden Trading Down 1.0%

Shares of SHOO opened at $42.60 on Tuesday. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $44.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $39.80 and a 200-day simple moving average of $32.41. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 53.92 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO) last announced its 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 net margin of 2.38% and a return on equity of 14.28%. The company had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same quarter last year, the company posted $0.91 EPS. Steven Madden’s quarterly revenue 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. Equities analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

Steven Madden Company 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.