Janus Henderson Group PLC Has $17.47 Million Stock Holdings in Steven Madden, Ltd. $SHOO

Janus Henderson Group PLC grew its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 16.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 515,113 shares of the textile maker’s stock after purchasing an additional 71,628 shares during the period. Janus Henderson Group PLC’s holdings in Steven Madden were worth $17,473,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHOO. Wellington Management Group LLP increased its stake in Steven Madden by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock valued at $115,613,000 after buying an additional 528,829 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Steven Madden by 15.2% during the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after buying an additional 367,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Steven Madden by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after buying an additional 41,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Steven Madden by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,271,827 shares of the textile maker’s stock valued at $52,959,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Nuveen LLC increased its position in shares of Steven Madden by 7.7% in the fourth quarter. Nuveen LLC now owns 1,225,742 shares of the textile maker’s stock valued at $51,040,000 after acquiring an additional 87,450 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Insider Activity at Steven Madden

In other news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the business’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 transaction of $25,900.56. Following the sale, the director directly owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,270 shares of company stock worth $276,992 over the last ninety days. 2.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Telsey Advisory Group raised their target price on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday. BTIG Research restated a “buy” rating and set a $50.00 target price on shares of Steven Madden in a report on Monday, July 27th. UBS Group reaffirmed a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Steven Madden in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target on shares of Steven Madden in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.12.

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $47.68 on Tuesday. Steven Madden, Ltd. has a 12-month low of $23.63 and a 12-month high of $48.76. The company’s 50 day moving average price is $43.24 and its two-hundred day moving average price is $39.94. The firm has a market cap of $3.48 billion, a PE ratio of 23.96 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The firm had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities research analysts predict that Steven Madden, Ltd. will post 2.14 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Steven Madden’s payout ratio is 42.21%.

Steven Madden 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.