Steven Madden, Ltd. (NASDAQ:SHOO) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 147.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 257,334 shares of the textile maker’s stock after acquiring an additional 153,280 shares during the period. Trexquant Investment LP owned 0.36% of Steven Madden worth $10,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SHOO. FMR LLC increased its stake in shares of Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after purchasing an additional 528,619 shares in the last quarter. BNP Paribas Financial Markets increased its position in Steven Madden by 35.5% during the third quarter. BNP Paribas Financial Markets now owns 41,174 shares of the textile maker’s stock worth $2,017,000 after buying an additional 10,797 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Steven Madden by 2.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 170,397 shares of the textile maker’s stock worth $8,348,000 after acquiring an additional 4,745 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Steven Madden by 16.0% in the third quarter. Captrust Financial Advisors now owns 7,020 shares of the textile maker’s stock valued at $344,000 after acquiring an additional 970 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Steven Madden by 1.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 205,460 shares of the textile maker’s stock valued at $10,065,000 after acquiring an additional 2,820 shares during the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SHOO shares. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. Piper Sandler cut their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Citigroup lowered their price objective on Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reduced their target price on Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. Finally, Loop Capital decreased their target price 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Steven Madden currently has an average rating of “Hold” and a consensus target price of $40.33.

Steven Madden Stock Performance

SHOO opened at $28.28 on Thursday. The company has a market cap of $2.05 billion, a PE ratio of 12.03 and a beta of 1.06. Steven Madden, Ltd. has a 1 year low of $24.56 and a 1 year high of $50.01. The firm has a 50 day moving average price of $33.37 and a 200 day moving average price of $40.76.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million during the quarter, compared to analysts’ expectations of $550.37 million. 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 business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend yield of 2.97%. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

About Steven Madden

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.