Steven Madden, Ltd. $SHOO Shares Acquired by CX Institutional

CX Institutional raised its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 912.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,218 shares of the textile maker’s stock after purchasing an additional 292,204 shares during the period. CX Institutional owned 0.45% of Steven Madden worth $10,855,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after buying an additional 814,318 shares during the period. Millennium Management LLC raised its stake in Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares in the last quarter. Nixon Capital LLC boosted 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 acquiring an additional 532,870 shares during the period. Franklin Resources Inc. boosted 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 acquiring an additional 389,878 shares during the period. Finally, Wasatch Advisors LP bought a new position in shares of Steven Madden in the second quarter worth $5,470,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Analyst Upgrades and Downgrades

SHOO has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Citigroup restated a “buy” rating and set a $41.00 price target (up from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Steven Madden in a research note on Wednesday, December 17th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, UBS Group restated a “neutral” rating and issued a $43.00 target price on shares of Steven Madden in a research report on Tuesday, December 9th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

Steven Madden Stock Up 0.5%

SHOO stock opened at $43.87 on Wednesday. The firm has a market cap of $3.19 billion, a PE ratio of 55.53 and a beta of 1.11. Steven Madden, Ltd. has a 12 month low of $19.05 and a 12 month 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 $40.68 and a 200 day simple moving average of $33.22.

Steven Madden (NASDAQ:SHOO) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate of $697.89 million. During the same period in the prior year, the company posted $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. Equities research analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were given a $0.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is 106.33%.

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.