Counterpoint Mutual Funds LLC Takes $308,000 Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,237 shares of the textile maker’s stock, valued at approximately $308,000.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock valued at $26,214,000 after acquiring an additional 528,619 shares during the last quarter. Geode Capital Management LLC lifted its position in Steven Madden by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock worth $83,812,000 after buying an additional 49,075 shares during the last quarter. Principal Financial Group Inc. lifted its position in Steven Madden by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker’s stock worth $16,208,000 after buying an additional 11,602 shares during the last quarter. Fisher Asset Management LLC lifted its position in Steven Madden by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 745,798 shares of the textile maker’s stock worth $31,711,000 after buying an additional 17,124 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Steven Madden by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker’s stock worth $47,736,000 after buying an additional 25,903 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Wall Street Analysts Forecast Growth

SHOO has been the subject of a number of recent research reports. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Telsey Advisory Group dropped their price target on Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Piper Sandler dropped their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Loop Capital dropped their target price on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.33.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $25.31 on Wednesday. The company has a market cap of $1.83 billion, a P/E ratio of 10.77 and a beta of 1.06. Steven Madden, Ltd. has a 1 year low of $24.97 and a 1 year high of $50.01. The stock’s fifty day moving average price is $36.53 and its 200-day moving average price is $42.07.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. On average, sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden’s dividend payout ratio (DPR) is presently 35.74%.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.