Steven Madden, Ltd. $SHOO Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 13,228.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 531,141 shares of the textile maker’s stock after purchasing an additional 527,156 shares during the period. SG Americas Securities LLC owned about 0.73% of Steven Madden worth $22,117,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Steven Madden by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after buying an additional 200,013 shares during the period. Wellington Management Group LLP increased its stake in shares of Steven Madden by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after acquiring an additional 528,829 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Steven Madden by 14.0% in the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after acquiring an additional 334,058 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Steven Madden by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after acquiring an additional 41,947 shares in the last quarter. Finally, Invesco Ltd. raised its holdings 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 acquiring an additional 814,318 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Trading Down 2.3%

Shares of NASDAQ:SHOO opened at $33.20 on Friday. 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 capitalization of $2.42 billion, a PE ratio of 53.55 and a beta of 1.13. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $46.88. The firm has a fifty day moving average price of $38.00 and a 200 day moving average price of $38.12.

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

Steven Madden Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Arian Simone Reed sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $33.44, for a total value of $120,384.00. Following the completion of the sale, the director directly owned 8,705 shares in the company, valued at approximately $291,095.20. The trade was 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. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHOO. Zacks Research downgraded Steven Madden from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Thursday, January 22nd. Williams Trading set a $48.00 price target on Steven Madden in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group downgraded Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Steven Madden has a consensus rating of “Hold” and an average price target of $44.00.

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.