Systematic Financial Management LP Trims Stock Position in Steven Madden, Ltd. $SHOO

Systematic Financial Management LP decreased its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,736 shares of the textile maker’s stock after selling 19,876 shares during the period. Systematic Financial Management LP’s holdings in Steven Madden were worth $14,746,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Scopus Asset Management L.P. purchased a new position in shares of Steven Madden in the 3rd quarter valued at $36,451,000. Boston Partners purchased a new stake in Steven Madden in the third quarter valued at $33,319,000. Invesco Ltd. lifted its position in Steven Madden by 50.5% in the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after acquiring an additional 814,318 shares during the last quarter. Millennium Management LLC boosted its stake in Steven Madden by 1,170.4% in the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Steven Madden by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock valued at $115,613,000 after acquiring an additional 528,829 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHOO. UBS Group reaffirmed a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Needham & Company LLC upped their target price on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Finally, BTIG Research restated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, June 4th. 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, Steven Madden currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.12.

Steven Madden Stock Up 1.6%

Shares of NASDAQ:SHOO opened at $42.75 on Friday. The stock has a market cap of $3.12 billion, a P/E ratio of 40.71 and a beta of 1.15. The firm has a fifty day moving average price of $42.64 and a 200 day moving average price of $39.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. Steven Madden, Ltd. has a 1-year low of $22.26 and a 1-year high of $47.10.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $653.10 million for the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. Steven Madden’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Sell-side analysts predict that Steven Madden, Ltd. will post 2.1 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Steven Madden’s dividend payout ratio is 80.00%.

Insider Transactions at Steven Madden

In related news, Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the transaction, the director owned 8,057 shares of the company’s stock, valued at $322,038.29. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the transaction, the insider owned 35,200 shares in the company, valued at $1,574,848. This trade represents a 12.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,270 shares of company stock worth $276,992. Corporate insiders own 2.21% of the company’s stock.

Steven Madden Profile

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.