Squarepoint Ops LLC Has $5.98 Million Holdings in Steven Madden, Ltd. $SHOO

Squarepoint Ops LLC cut its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 71.5% in the second quarter, Holdings Channel reports. The firm owned 142,047 shares of the textile maker’s stock after selling 355,956 shares during the period. Squarepoint Ops LLC’s holdings in Steven Madden were worth $5,980,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after buying an additional 485 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Steven Madden in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC grew its position in Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after acquiring an additional 745 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Steven Madden during the 4th quarter worth $43,000. Finally, Clearstead Advisors LLC increased its stake in shares of Steven Madden by 123.0% during the 4th quarter. Clearstead Advisors LLC now owns 1,182 shares of the textile maker’s stock worth $49,000 after purchasing an additional 652 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. BMO Capital Markets started coverage on shares of Steven Madden in a report on Tuesday. They set an “outperform” rating and a $60.00 price target on the stock. Needham & Company LLC increased their target price on shares of Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Citigroup reissued a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Finally, Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Steven Madden Stock Up 3.3%

SHOO stock opened at $42.93 on Friday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 21.57 and a beta of 1.15. The company has a 50-day moving average of $44.46 and a two-hundred day moving average of $40.71. Steven Madden, Ltd. has a 52-week low of $30.53 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping 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 business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, equities research analysts anticipate that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden’s payout ratio is currently 42.21%.

Insiders Place Their Bets

In other news, Director Arian Reed sold 1,250 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total value of $60,950.00. Following the sale, the director owned 8,196 shares in the company, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mitchell S. Klipper sold 3,918 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total transaction of $190,179.72. Following the transaction, the director directly owned 32,555 shares in the company, valued at $1,580,219.70. This trade represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 in the last three months. Company insiders own 2.21% of the company’s stock.

Steven Madden Profile

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.