Hotchkis & Wiley Capital Management LLC Has $10.07 Million Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,460 shares of the textile maker’s stock after buying an additional 2,820 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.28% of Steven Madden worth $10,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SHOO. Blue Trust Inc. raised its position in Steven Madden by 9,166.7% during the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock valued at $35,000 after buying an additional 825 shares during the period. Gladius Capital Management LP acquired a new position in Steven Madden in the 3rd quarter worth about $36,000. Exchange Traded Concepts LLC acquired a new position in Steven Madden in the 3rd quarter worth about $59,000. GAMMA Investing LLC increased its position in Steven Madden by 80.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock worth $65,000 after purchasing an additional 593 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Steven Madden by 4,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock worth $94,000 after purchasing an additional 1,872 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Stock Down 0.4 %

SHOO opened at $45.81 on Thursday. The firm has a market capitalization of $3.31 billion, a P/E ratio of 19.49 and a beta of 1.07. The stock’s 50 day moving average price is $45.97 and its two-hundred day moving average price is $44.61. Steven Madden, Ltd. has a 12-month low of $37.99 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm had revenue of $624.68 million for the quarter, compared to analyst estimates of $607.89 million. During the same quarter last year, the firm posted $0.88 EPS. The company’s revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.21 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Steven Madden’s dividend payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

SHOO has been the topic of several research reports. Citigroup upped their target price on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Wednesday, November 13th. Needham & Company LLC initiated coverage on Steven Madden in a report on Friday, November 22nd. They set a “hold” rating on the stock. Wedbush reissued a “neutral” rating and set a $41.00 price objective on shares of Steven Madden in a report on Wednesday, August 7th. Finally, StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a report on Sunday, November 24th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.43.

About Steven Madden

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.