4,010 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,010 shares of the textile maker’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHOO. Charles Schwab Investment Management Inc. lifted its stake in shares of Steven Madden by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,024,238 shares of the textile maker’s stock worth $43,018,000 after acquiring an additional 26,177 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Steven Madden by 30.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,469,956 shares of the textile maker’s stock valued at $61,738,000 after purchasing an additional 345,558 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Steven Madden in the 4th quarter valued at $809,000. Quantedge Capital Pte Ltd acquired a new stake in shares of Steven Madden during the fourth quarter worth $979,000. Finally, Vanguard Group Inc. raised its stake in Steven Madden by 1.0% during the third quarter. Vanguard Group Inc. now owns 8,329,605 shares of the textile maker’s stock worth $264,632,000 after buying an additional 80,199 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Rose Peabody Lynch sold 1,600 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $44.41, for a total value of $71,056.00. Following the sale, the director now owns 21,303 shares in the company, valued at approximately $946,066.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Rose Peabody Lynch sold 1,600 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $44.41, for a total value of $71,056.00. Following the completion of the sale, the director now directly owns 21,303 shares of the company’s stock, valued at approximately $946,066.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Migliorini sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $43.81, for a total value of $131,430.00. Following the transaction, the director now owns 16,006 shares in the company, valued at $701,222.86. The disclosure for this sale can be found here. Insiders sold 14,600 shares of company stock worth $651,586 over the last three months. 2.08% of the stock is currently owned by insiders.

Steven Madden Trading Down 0.4 %

Steven Madden stock traded down $0.17 during midday trading on Wednesday, reaching $42.50. The stock had a trading volume of 20,481 shares, compared to its average volume of 723,846. The company has a fifty day moving average price of $42.65 and a two-hundred day moving average price of $42.06. Steven Madden, Ltd. has a 12 month low of $30.35 and a 12 month high of $45.91. The company has a market capitalization of $3.12 billion, a P/E ratio of 17.63 and a beta of 1.09.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. Steven Madden had a return on equity of 22.68% and a net margin of 8.65%. The firm had revenue of $552.38 million during the quarter, compared to the consensus estimate of $525.04 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts predict that Steven Madden, Ltd. will post 2.62 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Monday, June 10th. Steven Madden’s dividend payout ratio (DPR) is 34.71%.

Wall Street Analyst Weigh In

SHOO has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $44.00 price target on shares of Steven Madden in a report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $41.00 target price on shares of Steven Madden in a research note on Friday, May 17th. Finally, BTIG Research lifted their target price on Steven Madden from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.38.

Steven Madden Company 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.