Strs Ohio Grows Position in Steven Madden, Ltd. $SHOO

Strs Ohio raised its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 993.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,000 shares of the textile maker’s stock after acquiring an additional 117,200 shares during the quarter. Strs Ohio’s holdings in Steven Madden were worth $4,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after purchasing an additional 485 shares in the last quarter. Signaturefd LLC boosted its position in shares of Steven Madden by 475.5% during the 2nd quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock worth $60,000 after acquiring an additional 2,059 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Steven Madden by 172.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,523 shares of the textile maker’s stock valued at $185,000 after acquiring an additional 3,494 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Steven Madden during the 2nd quarter worth about $204,000. Finally, Americana Partners LLC acquired a new stake in shares of Steven Madden during the 2nd quarter worth about $205,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHOO. BTIG Research reiterated a “buy” rating and issued a $50.00 price target (up from $43.00) on shares of Steven Madden in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Thursday. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Needham & Company LLC upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, January 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Steven Madden currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.57.

Steven Madden Stock Up 0.4%

Shares of Steven Madden stock opened at $45.65 on Tuesday. Steven Madden, Ltd. has a one year low of $19.05 and a one year high of $46.55. The company has a market cap of $3.32 billion, a P/E ratio of 57.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. The firm has a fifty day moving average of $43.16 and a two-hundred day moving average of $35.23.

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

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

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.