Steven Madden, Ltd. (NASDAQ:SHOO) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,674 shares of the textile maker’s stock after buying an additional 4,108 shares during the period. Fisher Asset Management LLC’s holdings in Steven Madden were worth $35,698,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in shares of Steven Madden by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 8,232 shares of the textile maker’s stock worth $348,000 after acquiring an additional 248 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Steven Madden by 1.2% in the third quarter. Louisiana State Employees Retirement System now owns 35,100 shares of the textile maker’s stock valued at $1,720,000 after purchasing an additional 400 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Steven Madden by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 40,141 shares of the textile maker’s stock valued at $1,698,000 after buying an additional 484 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of Steven Madden by 7.4% during the second quarter. AlphaMark Advisors LLC now owns 7,785 shares of the textile maker’s stock worth $329,000 after buying an additional 535 shares during the period. Finally, KBC Group NV grew its holdings in Steven Madden by 34.1% in the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock worth $108,000 after buying an additional 561 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on SHOO. Piper Sandler restated a “neutral” rating and issued a $45.00 target price on shares of Steven Madden in a research report on Friday, August 23rd. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup increased their target price on shares of Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC began coverage on Steven Madden in a research report on Friday, November 22nd. They set a “hold” rating on the stock. Finally, Wedbush reaffirmed a “neutral” rating and set a $41.00 target price on shares of Steven Madden in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Steven Madden presently has an average rating of “Hold” and an average price target of $45.43.

Steven Madden Stock Down 2.8 %

Shares of NASDAQ SHOO opened at $44.16 on Wednesday. The stock’s fifty day simple moving average is $46.28 and its 200 day simple moving average is $44.47. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.79 and a beta of 1.08. Steven Madden, Ltd. has a 52-week low of $36.56 and a 52-week high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm had revenue of $624.68 million for the quarter, compared to analysts’ expectations of $607.89 million. During the same quarter last year, the business posted $0.88 EPS. Steven Madden’s revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Steven Madden, Ltd. will post 2.65 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, December 13th. Steven Madden’s payout ratio is 35.74%.

Steven Madden Profile

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.