Steven Madden, Ltd. $SHOO Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 799.9% during the second quarter, Holdings Channel.com reports. The fund owned 200,652 shares of the textile maker’s stock after acquiring an additional 178,354 shares during the period. Squarepoint Ops LLC’s holdings in Steven Madden were worth $4,812,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Steven Madden by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,316,124 shares of the textile maker’s stock worth $221,542,000 after acquiring an additional 218,785 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Steven Madden by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 4,802,603 shares of the textile maker’s stock worth $127,941,000 after purchasing an additional 84,570 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Steven Madden by 4.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,452,407 shares of the textile maker’s stock worth $65,333,000 after purchasing an additional 106,028 shares during the last quarter. Invesco Ltd. lifted its stake in Steven Madden by 50.5% in the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after buying an additional 814,318 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Steven Madden by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,790,038 shares of the textile maker’s stock valued at $42,931,000 after buying an additional 32,604 shares in the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SHOO shares. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $45.00 price objective on shares of Steven Madden in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating and issued a $41.00 target price (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 price target on shares of Steven Madden in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Steven Madden Stock Performance

NASDAQ SHOO opened at $44.15 on Tuesday. The business’s 50-day moving average price is $38.06 and its 200 day moving average price is $31.14. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Steven Madden, Ltd. has a twelve month low of $19.05 and a twelve month high of $44.99. The company has a market capitalization of $3.21 billion, a PE ratio of 55.89 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same quarter last year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 annualized dividend and a yield of 1.9%. Steven Madden’s dividend payout ratio is 106.33%.

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.