Steven Madden, Ltd. $SHOO Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 645,578 shares of the textile maker’s stock after buying an additional 77,108 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Steven Madden were worth $28,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SHOO. Janus Henderson Group PLC grew its position in shares of Steven Madden by 16.2% in the 1st quarter. Janus Henderson Group PLC now owns 515,113 shares of the textile maker’s stock worth $17,473,000 after buying an additional 71,628 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Steven Madden during the first quarter valued at approximately $1,092,000. Hodges Capital Management Inc. raised its holdings in shares of Steven Madden by 74.9% during the first quarter. Hodges Capital Management Inc. now owns 75,400 shares of the textile maker’s stock valued at $2,558,000 after acquiring an additional 32,300 shares in the last quarter. Governors Lane LP bought a new position in shares of Steven Madden during the fourth quarter valued at approximately $5,763,000. Finally, California State Teachers Retirement System lifted its stake in Steven Madden by 22.8% in the first quarter. California State Teachers Retirement System now owns 85,128 shares of the textile maker’s stock worth $2,888,000 after acquiring an additional 15,790 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Up 3.4%

Shares of NASDAQ SHOO opened at $46.24 on Friday. The firm’s 50 day moving average price is $44.65 and its 200-day moving average price is $42.43. The company has a market cap of $3.38 billion, a PE ratio of 23.24 and a beta of 1.17. Steven Madden, Ltd. has a 52-week low of $31.33 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. The firm had revenue of $665.87 million for the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities research analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 annualized dividend and a yield of 1.8%. Steven Madden’s dividend payout ratio is 42.21%.

Insider Activity at Steven Madden

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the sale, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mitchell Klipper sold 3,918 shares of Steven Madden stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director directly owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. The trade was a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,086 shares of company stock valued at $440,212. 2.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on SHOO shares. Zacks Research lowered Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Capital One Financial set a $60.00 price objective on shares of Steven Madden in a research report on Tuesday, September 8th. Piper Sandler set a $55.00 price objective on shares of Steven Madden and gave the company an “overweight” rating in a research report on Wednesday, August 5th. BMO Capital Markets initiated coverage on shares of Steven Madden in a report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, UBS Group restated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Steven Madden has an average rating of “Moderate Buy” and a consensus price target of $51.80.

About Steven Madden

Steven Madden, Ltd. is a footwear and fashion accessories company that designs, sources and markets products under a portfolio of proprietary and licensed brands. Its offerings include women’s, men’s and children’s footwear, handbags, accessories, apparel and related lifestyle products. The company’s best-known brand is Steve Madden, complemented by brands such as Dolce Vita, Betsey Johnson, Freebird and Mad Love.

The company sells its products through multiple channels, including department stores, specialty retailers, mass-market merchants, company-operated retail locations and e-commerce platforms.