Fort Washington Investment Advisors Inc. OH Grows Stake in Steven Madden, Ltd. $SHOO

Fort Washington Investment Advisors Inc. OH increased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 58.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 708,053 shares of the textile maker’s stock after acquiring an additional 262,000 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Steven Madden were worth $24,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SHOO. AQR Capital Management LLC bought a new position in Steven Madden in the first quarter valued at about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Steven Madden by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after purchasing an additional 1,437 shares during the period. Millennium Management LLC grew its stake in shares of Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after purchasing an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Steven Madden by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock valued at $5,388,000 after purchasing an additional 10,603 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Steven Madden by 273.1% during the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after purchasing an additional 115,284 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

SHOO stock opened at $43.22 on Monday. The business’s 50-day moving average price is $41.40 and its 200-day moving average price is $40.08. The stock has a market cap of $3.16 billion, a P/E ratio of 41.16 and a beta of 1.15. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. Steven Madden, Ltd. has a twelve month low of $22.26 and a twelve month high of $47.10.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The company had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, equities research analysts forecast that Steven Madden, Ltd. will post 2.09 EPS for the current year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. BTIG Research reaffirmed a “buy” rating and set a $50.00 target price on shares of Steven Madden in a report on Thursday, June 4th. Zacks Research upgraded shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Finally, UBS Group reissued a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and a consensus price target of $45.12.

Insiders Place Their Bets

In other news, Director Arian Simone Reed sold 648 shares of the stock in a transaction on Wednesday, May 20th. The shares were 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 represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christina Ciglar sold 5,147 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider owned 35,200 shares in the company, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,270 shares of company stock valued at $276,992. Corporate insiders own 2.21% of the company’s stock.

Steven Madden Company Profile

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.