Segall Bryant & Hamill LLC Increases Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Segall Bryant & Hamill LLC lifted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 573,754 shares of the textile maker’s stock after acquiring an additional 13,330 shares during the quarter. Segall Bryant & Hamill LLC owned 0.79% of Steven Madden worth $24,396,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SHOO. R Squared Ltd purchased a new stake in shares of Steven Madden during the 4th quarter valued at $55,000. Blue Trust Inc. raised its position in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after acquiring an additional 339 shares during the period. KBC Group NV raised its position in Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock worth $128,000 after acquiring an additional 805 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 741 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in shares of Steven Madden by 7.4% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock worth $179,000 after purchasing an additional 290 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Trading Up 9.6 %

Shares of Steven Madden stock opened at $27.43 on Tuesday. The company’s 50-day moving average price is $35.34 and its 200-day moving average price is $41.56. Steven Madden, Ltd. has a 12-month low of $24.56 and a 12-month high of $50.01. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 11.67 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $582.32 million for the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. On average, sell-side analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.06%. Steven Madden’s dividend payout ratio is currently 35.74%.

Analysts Set New Price Targets

SHOO has been the topic of several research analyst reports. Citigroup dropped their price objective on Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group cut their price target on Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Finally, Loop Capital lowered their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.33.

Steven Madden Company Profile

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.