KBC Group NV Reduces Holdings in Steven Madden, Ltd. $SHOO

KBC Group NV reduced its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 38.2% during the second quarter, HoldingsChannel reports. The firm owned 1,960 shares of the textile maker’s stock after selling 1,210 shares during the quarter. KBC Group NV’s holdings in Steven Madden were worth $47,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Steven Madden by 328.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock worth $58,000 after buying an additional 1,657 shares during the period. CWM LLC grew its stake in shares of Steven Madden by 231.0% during the first quarter. CWM LLC now owns 2,277 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 1,589 shares in the last quarter. Signaturefd LLC increased its position in shares of Steven Madden by 475.5% during the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock worth $60,000 after acquiring an additional 2,059 shares during the last quarter. Covestor Ltd increased its position in shares of Steven Madden by 22.9% during the first quarter. Covestor Ltd now owns 4,906 shares of the textile maker’s stock worth $130,000 after acquiring an additional 915 shares during the last quarter. Finally, Gagnon Securities LLC acquired a new position in shares of Steven Madden in the first quarter worth about $140,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Trading Up 2.2%

NASDAQ SHOO opened at $41.55 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 2.01. Steven Madden, Ltd. has a one year low of $19.05 and a one year high of $46.76. The company has a 50-day simple moving average of $35.32 and a 200-day simple moving average of $29.42. The firm has a market capitalization of $3.02 billion, a PE ratio of 32.72 and a beta of 1.31.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The business 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 business earned $0.91 EPS. The business’s 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. On average, equities analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHOO. BTIG Research lifted their price objective on Steven Madden from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup reaffirmed a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a report on Wednesday, October 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Steven Madden has an average rating of “Moderate Buy” and a consensus price target of $42.83.

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.