Dean Capital Management Reduces Holdings in Steven Madden, Ltd. $SHOO
by Mitch Edgeman · The Markets DailyDean Capital Management decreased its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) by 73.3% during the first quarter, HoldingsChannel reports. The firm owned 25,537 shares of the textile maker’s stock after selling 70,123 shares during the quarter. Dean Capital Management’s holdings in Steven Madden were worth $866,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after buying an additional 485 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Steven Madden during the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its position in Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 745 shares in the last quarter. First Horizon Corp grew its holdings in shares of Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after acquiring an additional 317 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Steven Madden by 79.4% during the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after acquiring an additional 435 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.
Insider Buying and Selling at Steven Madden
In related news, insider Christina Ciglar sold 5,147 shares of Steven Madden stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the transaction, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,270 shares of company stock valued at $276,992 over the last 90 days. 2.21% of the stock is currently owned by company insiders.
Steven Madden Stock Performance
SHOO opened at $42.75 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 40.71 and a beta of 1.15. The company’s 50 day moving average is $42.64 and its 200 day moving average is $39.91. Steven Madden, Ltd. has a 12-month low of $22.26 and a 12-month high of $47.10.
Steven Madden (NASDAQ:SHOO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The company had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, equities research analysts predict that Steven Madden, Ltd. will post 2.1 EPS for the current year.
Steven Madden Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. Steven Madden’s payout ratio is presently 80.00%.
Analyst Upgrades and Downgrades
SHOO has been the subject of several research reports. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Needham & Company LLC upped their price target on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. UBS Group reiterated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.12.
Check Out Our Latest Report on SHOO
About Steven Madden
Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.
Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.
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