Segall Bryant & Hamill LLC Buys 13,330 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Segall Bryant & Hamill LLC increased its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 573,754 shares of the textile maker’s stock after acquiring an additional 13,330 shares during the period. Segall Bryant & Hamill LLC’s holdings in Steven Madden were worth $24,396,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Steven Madden in the 4th quarter worth about $55,000. Blue Trust Inc. boosted its stake in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after buying an additional 339 shares in the last quarter. KBC Group NV grew its position in Steven Madden by 36.5% during the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 805 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after acquiring an additional 741 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock worth $179,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Performance

Shares of SHOO stock opened at $27.43 on Tuesday. The firm has a market cap of $1.99 billion, a P/E ratio of 11.67 and a beta of 1.06. The business’s 50 day moving average price is $35.34 and its 200-day moving average price is $41.56. Steven Madden, Ltd. has a fifty-two week low of $24.56 and a fifty-two week high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. As a group, equities analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.06%. Steven Madden’s dividend payout ratio is presently 35.74%.

Analyst Ratings Changes

A number of brokerages recently commented on SHOO. Piper Sandler decreased their target price on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, February 27th. Loop Capital reduced their price target on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Telsey Advisory Group cut their target price on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.33.

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.