JPMorgan Chase & Co. Acquires 121,972 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

JPMorgan Chase & Co. boosted its holdings in Steven Madden, Ltd. ( NASDAQ:SHOO – Free Report ) by 26.

4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 584,068 shares of the textile maker’s stock after acquiring an additional 121,972 shares during the period. JPMorgan Chase & Co.



owned 0.81% of Steven Madden worth $24,835,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also added to or reduced their stakes in the business.

Segall Bryant & Hamill LLC lifted its stake in shares of Steven Madden by 2.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 573,754 shares of the textile maker’s stock worth $24,396,000 after buying an additional 13,330 shares during the last quarter.

Vanguard Group Inc. boosted its stake in Steven Madden by 0.7% in the 4th quarter.

Vanguard Group Inc. now owns 8,097,339 shares of the textile maker’s stock valued at $344,299,000 after purchasing an additional 54,877 shares during the period. Fox Run Management L.

L.C. grew its holdings in Steven Madden by 318.

5% in the 4th quarter. Fox Run Management L.L.

C. now owns 20,290 shares of the textile maker’s stock valued at $863,000 after buying an additional 15,442 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Steven Madden during the 4th quarter worth $1,278,000.

Finally, American Century Companies Inc. lifted its holdings in shares of Steven Madden by 53.4% during the fourth quarter.

American Century Companies Inc. now owns 74,779 shares of the textile maker’s stock worth $3,180,000 after buying an additional 26,043 shares in the last quarter. Institutional investors and hedge funds own 99.

88% of the company’s stock. Analysts Set New Price Targets SHOO has been the topic of a number of recent research reports. StockNews.

com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research note on Thursday, February 27th. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd.

Loop Capital reduced their target price on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 27th.

Finally, Piper Sandler decreased their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th.

Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.

33. Steven Madden Stock Up 10.5 % NASDAQ:SHOO opened at $22.

14 on Thursday. Steven Madden, Ltd. has a twelve month low of $19.

05 and a twelve month high of $50.01. The stock’s 50-day simple moving average is $30.

65 and its 200 day simple moving average is $39.58. The firm has a market capitalization of $1.

60 billion, a PE ratio of 9.42 and a beta of 0.98.

Steven Madden ( NASDAQ:SHOO – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.

53 by $0.02. Steven Madden had a net margin of 7.

68% and a return on equity of 23.41%. The company had revenue of $582.

32 million for the quarter, compared to analyst estimates of $550.37 million. On average, analysts anticipate that Steven Madden, Ltd.

will post 2.66 EPS for the current fiscal year. Steven Madden Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 21st.

Stockholders of record on Monday, March 10th were paid a $0.21 dividend. This represents a $0.

84 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, March 10th.

Steven Madden’s payout ratio is 35.74%. Steven Madden 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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