Cookson Peirce & Co. Inc. Grows Stock Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Cookson Peirce & Co. Inc. grew its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 16.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,504 shares of the textile maker’s stock after purchasing an additional 1,861 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Steven Madden were worth $574,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHOO. Pacer Advisors Inc. purchased a new stake in Steven Madden during the fourth quarter worth approximately $72,795,000. FMR LLC grew its stake in Steven Madden by 8,180.4% during the third quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after buying an additional 528,619 shares during the period. Weiss Asset Management LP purchased a new stake in Steven Madden during the third quarter worth approximately $12,558,000. Barclays PLC grew its stake in Steven Madden by 286.9% during the third quarter. Barclays PLC now owns 139,206 shares of the textile maker’s stock worth $6,819,000 after buying an additional 103,226 shares during the period. Finally, Edgestream Partners L.P. grew its stake in Steven Madden by 269.7% during the third quarter. Edgestream Partners L.P. now owns 134,716 shares of the textile maker’s stock worth $6,600,000 after buying an additional 98,274 shares during the period. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Loop Capital decreased their price objective on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reduced 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 research report on Thursday, February 27th. Jefferies Financial Group reissued a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup reduced their target price on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a research 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, the company presently has an average rating of “Hold” and an average price target of $40.33.

Steven Madden Price Performance

SHOO opened at $29.01 on Thursday. The stock has a market capitalization of $2.09 billion, a PE ratio of 12.34 and a beta of 1.07. The firm’s fifty day moving average price is $39.57 and its 200 day moving average price is $43.30. Steven Madden, Ltd. has a 12-month low of $28.62 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm 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%. On average, equities research analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.21 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 2.90%. Steven Madden’s dividend payout ratio is presently 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.