6 days Ago By ABMN Staff
Alliancebernstein L.P. trimmed its holdings in shares of Steven Madden, Ltd.
( NASDAQ:SHOO – Free Report ) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,771 shares of the textile maker’s stock after selling 870 shares during the period.
Alliancebernstein L.P.’s holdings in Steven Madden were worth $3,519,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SHOO. R Squared Ltd purchased a new stake in Steven Madden in the 4th quarter worth about $55,000. Blue Trust Inc.
increased its stake in shares of Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc.
now owns 1,958 shares of the textile maker’s stock worth $83,000 after purchasing an additional 339 shares in the last quarter. KBC Group NV raised its stake in shares of Steven Madden by 36.5% during the 4th quarter.
KBC Group NV now owns 3,013 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 805 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Steven Madden by 21.6% during the 4th quarter.
Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after purchasing an additional 741 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Steven Madden during the 4th quarter worth about $177,000. Institutional investors own 99.
88% of the company’s stock. Wall Street Analysts Forecast Growth SHOO has been the subject of a number of research analyst reports. Loop Capital dropped their price target on Steven Madden from $40.
00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. StockNews.
com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Citigroup dropped their price objective on shares of Steven Madden from $38.
00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Piper Sandler reduced their target price on shares of Steven Madden from $35.
00 to $25.00 and set a “neutral” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company.
Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.83. Steven Madden Stock Performance Steven Madden stock opened at $21.
01 on Tuesday. Steven Madden, Ltd. has a one year low of $19.
05 and a one year high of $50.01. The stock has a market cap of $1.
52 billion, a PE ratio of 8.94 and a beta of 0.98.
The stock has a fifty day moving average of $29.65 and a 200 day moving average of $38.94.
Steven Madden ( NASDAQ:SHOO – Get Free Report ) last released its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.
53 by $0.02. The company had revenue of $582.
32 million for the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden had a net margin of 7.
68% and a return on equity of 23.41%. As a group, sell-side analysts predict that Steven Madden, Ltd.
will post 2.66 EPS for the current fiscal year. Steven Madden Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st.
Stockholders of record on Monday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 10th.
This represents a $0.84 annualized dividend and a dividend yield of 4.00%.
Steven Madden’s dividend payout ratio (DPR) is 35.74%. Steven Madden Company Profile ( Free Report ) 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.
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