Capital Research Global Investors Decreases Stock Position in Steven Madden, Ltd. $SHOO

Capital Research Global Investors cut its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 25.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,025,479 shares of the textile maker’s stock after selling 694,875 shares during the quarter. Capital Research Global Investors’ holdings in Steven Madden were worth $84,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in shares of Steven Madden by 13.9% in the 3rd 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 boosted its position in shares of Steven Madden by 1.8% in the 4th 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 boosted its position in shares of Steven Madden by 55.1% in the 4th 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 boosted its position in shares of Steven Madden by 0.7% in the 2nd 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 boosted its position in shares of Steven Madden by 4.1% in the 4th 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. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHOO has been the topic of several recent research reports. 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 report on Tuesday, April 21st. UBS Group reiterated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. BTIG Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Thursday, June 4th. Finally, Williams Trading set a $48.00 price objective on shares of Steven Madden in a research report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.88.

Insider Transactions at Steven Madden

In other Steven Madden news, Director Arian Simone Reed sold 3,600 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $33.44, for a total value of $120,384.00. Following the transaction, the director directly owned 8,705 shares in the company, valued at approximately $291,095.20. This represents a 29.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 4,723 shares of company stock valued at $167,099. 2.21% of the stock is currently owned by corporate insiders.

Steven Madden Price Performance

NASDAQ:SHOO opened at $45.31 on Tuesday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 43.15 and a beta of 1.15. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $39.10 and its two-hundred day moving average is $39.85. Steven Madden, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.88.

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, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Research analysts expect that Steven Madden, Ltd. will post 2.09 EPS for the current year.

Steven Madden Dividend Announcement

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

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.