Steven Madden, Ltd. $SHOO Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 17.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 446,053 shares of the textile maker’s stock after selling 91,224 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.61% of Steven Madden worth $18,574,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after purchasing an additional 485 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Steven Madden during the third quarter valued at approximately $31,000. Parkside Financial Bank & Trust boosted its position in shares of Steven Madden by 616.8% during the third quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock worth $72,000 after buying an additional 1,838 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Steven Madden by 13.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after buying an additional 283 shares during the period. Finally, Quadrant Capital Group LLC bought a new position in Steven Madden in the 3rd quarter worth approximately $121,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Price Performance

SHOO opened at $33.11 on Friday. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $46.88. The stock has a fifty day moving average price of $37.75 and a 200 day moving average price of $38.14. The company has a current ratio of 1.90, a quick ratio of 1.11 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 53.40 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Steven Madden had a net margin of 1.76% and a return on equity of 13.60%. The firm had revenue of $753.70 million for the quarter, compared to the consensus estimate of $758.53 million. During the same period in the prior year, the business posted $0.55 earnings per share. The business’s quarterly revenue was up 29.6% on a year-over-year basis. Analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Wednesday, March 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, March 11th. Steven Madden’s dividend payout ratio (DPR) is 135.48%.

Analyst Ratings Changes

A number of research firms have commented on SHOO. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research report on Thursday, February 26th. Williams Trading set a $48.00 target price on Steven Madden in a research note on Tuesday, March 10th. BTIG Research reaffirmed a “buy” rating and set a $50.00 target price on shares of Steven Madden in a report on Thursday, February 26th. Needham & Company LLC cut their price target on shares of Steven Madden from $50.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research lowered shares of Steven Madden from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.00.

Insider Buying and Selling at Steven Madden

In related news, Director Arian Simone Reed sold 3,600 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.44, for a total transaction of $120,384.00. Following the completion of the transaction, the director directly owned 8,705 shares in the company, valued at $291,095.20. This represents a 29.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.22% of the company’s stock.

About Steven Madden

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.