Steven Madden, Ltd. (NASDAQ:SHOO) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 147.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,334 shares of the textile maker’s stock after acquiring an additional 153,280 shares during the period. Trexquant Investment LP’s holdings in Steven Madden were worth $10,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. R Squared Ltd acquired a new stake in Steven Madden during the 4th quarter valued at approximately $55,000. Blue Trust Inc. grew its position in shares of Steven Madden by 20.9% during 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 increased its stake in shares of Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock worth $128,000 after buying an additional 805 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Steven Madden by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 741 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Steven Madden during the 4th quarter valued at $177,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Price Performance

Shares of SHOO opened at $28.28 on Thursday. The company has a market cap of $2.05 billion, a P/E ratio of 12.03 and a beta of 1.06. Steven Madden, Ltd. has a 12 month low of $24.56 and a 12 month high of $50.01. The stock has a fifty day moving average price of $33.37 and a 200 day moving average price of $40.76.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $582.32 million for the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden’s dividend payout ratio (DPR) is 35.74%.

Analyst Upgrades and Downgrades

SHOO has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Loop Capital cut their price objective on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Telsey Advisory Group lowered their target price on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $40.33.

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.