Captrust Financial Advisors Boosts Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Captrust Financial Advisors increased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,020 shares of the textile maker’s stock after purchasing an additional 970 shares during the quarter. Captrust Financial Advisors’ holdings in Steven Madden were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Steven Madden by 2.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 170,397 shares of the textile maker’s stock valued at $8,348,000 after buying an additional 4,745 shares during the last quarter. Hyperion Capital Advisors LP acquired a new position in shares of Steven Madden in the third quarter worth about $269,000. Public Sector Pension Investment Board boosted its holdings in Steven Madden by 1.5% in the third quarter. Public Sector Pension Investment Board now owns 154,028 shares of the textile maker’s stock valued at $7,546,000 after purchasing an additional 2,300 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Steven Madden by 35.5% in the third quarter. BNP Paribas Financial Markets now owns 41,174 shares of the textile maker’s stock valued at $2,017,000 after purchasing an additional 10,797 shares during the last quarter. Finally, FMR LLC grew its stake in Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock valued at $26,214,000 after purchasing an additional 528,619 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Stock Up 0.3 %

Shares of NASDAQ:SHOO opened at $43.67 on Friday. The firm has a 50-day simple moving average of $45.25 and a 200 day simple moving average of $44.69. Steven Madden, Ltd. has a fifty-two week low of $37.99 and a fifty-two week high of $50.01. The company has a market cap of $3.15 billion, a PE ratio of 18.58 and a beta of 1.07.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $624.68 million for the quarter, compared to analysts’ expectations of $607.89 million. During the same period in the prior year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. Steven Madden’s dividend payout ratio (DPR) is 35.74%.

Analyst Ratings Changes

Several equities analysts have recently commented on SHOO shares. Telsey Advisory Group reiterated a “market perform” rating and set a $50.00 target price on shares of Steven Madden in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $45.00 target price on shares of Steven Madden in a research report on Friday, August 23rd. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Sunday, November 24th. Finally, Citigroup lifted their price target on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.43.

Steven Madden Company 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.