Steven Madden, Ltd. (NASDAQ:SHOO) Position Increased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,407 shares of the textile maker’s stock after buying an additional 902 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Steven Madden were worth $230,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division boosted its holdings in Steven Madden by 7.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock worth $179,000 after buying an additional 290 shares in the last quarter. Blue Trust Inc. boosted its holdings in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after buying an additional 339 shares in the last quarter. KBC Group NV boosted its holdings in Steven Madden by 34.1% during the third quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock worth $108,000 after buying an additional 561 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Steven Madden by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 79,672 shares of the textile maker’s stock worth $3,388,000 after buying an additional 652 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in Steven Madden in the 3rd quarter worth approximately $36,000. 99.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHOO has been the subject of a number of recent analyst reports. Piper Sandler decreased their price objective 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. Citigroup decreased their price objective on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group decreased their price objective on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Loop Capital decreased their price objective on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Steven Madden presently has a consensus rating of “Hold” and an average target price of $40.33.

Steven Madden Stock Down 1.8 %

Shares of NASDAQ:SHOO opened at $28.89 on Monday. The firm has a fifty day moving average of $38.78 and a two-hundred day moving average of $42.99. The firm has a market capitalization of $2.09 billion, a P/E ratio of 12.29 and a beta of 1.06. Steven Madden, Ltd. has a 12-month low of $27.85 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its earnings results 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 analyst estimates of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Equities research analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.91%. Steven Madden’s dividend payout ratio is currently 35.74%.

Steven Madden Profile

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.