Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.50 Million in Steven Madden, Ltd. $SHOO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 36,128 shares of the textile maker’s stock, valued at approximately $1,504,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Steven Madden by 13.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after acquiring an additional 283 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after acquiring an additional 300 shares during the last quarter. First Horizon Corp boosted its stake in shares of Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after acquiring an additional 317 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Steven Madden by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock worth $1,281,000 after acquiring an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Steven Madden by 4.1% during the 4th quarter. GAMMA Investing LLC now owns 10,076 shares of the textile maker’s stock worth $420,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 1.4%

Shares of SHOO stock opened at $41.93 on Friday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 39.93 and a beta of 1.12. Steven Madden, Ltd. has a one year low of $22.26 and a one year high of $46.88. The company’s fifty day moving average price is $36.73 and its 200-day moving average price is $39.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $653.10 million for the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. Steven Madden’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Sell-side analysts expect that Steven Madden, Ltd. will post 2.09 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 8th. Steven Madden’s payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, April 30th. Jefferies Financial Group cut shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research note on Thursday, February 5th. Williams Trading set a $48.00 price target on shares of Steven Madden in a research note on Tuesday, March 10th. Needham & Company LLC raised their price objective on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.88.

Insider Transactions at Steven Madden

In other Steven Madden news, Director Arian Simone Reed sold 648 shares of Steven Madden stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director directly owned 8,057 shares in the company, valued at approximately $322,038.29. The trade was a 7.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.21% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.