1 week Ago By Defense World Staff
Norges Bank acquired a new position in Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 221,058 shares of the textile maker’s stock, valued at approximately $9,399,000.
Norges Bank owned 0.31% of Steven Madden at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business.
R Squared Ltd purchased a new position in Steven Madden during the 4th quarter valued at about $55,000. Blue Trust Inc. grew its stake in Steven Madden by 20.
9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock valued at $83,000 after acquiring an additional 339 shares in the last quarter.
KBC Group NV increased its holdings in Steven Madden by 36.5% during the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock worth $128,000 after acquiring an additional 805 shares during the period.
Smartleaf Asset Management LLC lifted its stake in Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after purchasing an additional 741 shares in the last quarter.
Finally, Central Pacific Bank Trust Division boosted its holdings in Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock valued at $179,000 after purchasing an additional 290 shares during the period.
99.88% of the stock is currently owned by hedge funds and other institutional investors. Steven Madden Price PerformanceShares of SHOO opened at $20.
04 on Wednesday. The firm has a market cap of $1.45 billion, a P/E ratio of 8.
53 and a beta of 0.98. Steven Madden, Ltd.
has a 1 year low of $19.92 and a 1 year high of $50.01.
The stock has a 50 day simple moving average of $31.42 and a two-hundred day simple moving average of $39.88.
Steven Madden (NASDAQ:SHOO – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
53 by $0.02. The company had revenue of $582.
32 million during 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%. On average, equities analysts anticipate that Steven Madden, Ltd.
will post 2.66 earnings per share for the current year. Steven Madden Announces DividendThe business also recently announced a quarterly dividend, which was paid on Friday, March 21st.
Investors of record on Monday, March 10th were issued a dividend of $0.21 per share. This represents a $0.
84 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Monday, March 10th.
Steven Madden’s dividend payout ratio is presently 35.74%. Wall Street Analysts Forecast GrowthSeveral research firms have recently weighed in on SHOO.
Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. Loop Capital lowered their price target on Steven Madden from $40.00 to $35.
00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group cut their price objective on Steven Madden from $44.00 to $38.
00 and set a “market perform” rating for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.
Finally, Piper Sandler cut their price target on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th.
Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.
33.Read Our Latest Research Report on Steven MaddenSteven 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.Read MoreFive stocks we like better than Steven MaddenRide Out The Recession With These Dividend Kings Tariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhat Are Dividends? Buy the Best Dividend StocksQualcomm Breaks Down But RSI Signals It’s Severely OversoldEnergy and Oil Stocks ExplainedTesla’s #1 Bull Cuts Target But Says It’s Still a BuyWant to see what other hedge funds are holding SHOO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Steven Madden, Ltd. (NASDAQ:SHOO – Free Report)..
