Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.50 Million Investment in Steven Madden, Ltd. $SHOO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Steven Madden, Ltd. (NASDAQ:SHOO) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 36,128 shares of the textile maker’s stock, valued at approximately $1,504,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Steven Madden by 13.9% in 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 in the last quarter. Oregon Public Employees Retirement Fund increased its position in Steven Madden by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after buying an additional 300 shares in the last quarter. First Horizon Corp increased its position in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Steven Madden by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock worth $1,281,000 after buying an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Steven Madden by 4.1% in the fourth quarter. GAMMA Investing LLC now owns 10,076 shares of the textile maker’s stock worth $420,000 after buying an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Insider Activity

In other news, Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the sale, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.21% of the stock is owned by insiders.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $41.35 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of 39.38 and a beta of 1.12. Steven Madden, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.88. The stock has a 50 day moving average of $36.57 and a 200 day moving average of $39.31. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, research analysts expect that Steven Madden, Ltd. will post 2.1 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SHOO shares. Williams Trading set a $48.00 price target on Steven Madden in a research report on Tuesday, March 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Thursday, February 26th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group reiterated a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Steven Madden has a consensus rating of “Hold” and a consensus target price of $43.88.

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.