Steven Madden, Ltd. $SHOO Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 53.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,150 shares of the textile maker’s stock after selling 18,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Steven Madden were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after acquiring an additional 485 shares during the period. Signaturefd LLC increased its stake in Steven Madden by 475.5% in the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock valued at $60,000 after purchasing an additional 2,059 shares during the last quarter. Merit Financial Group LLC purchased a new position in Steven Madden during the third quarter worth about $259,000. First National Bank Sioux Falls acquired a new stake in Steven Madden in the 3rd quarter worth about $271,000. Finally, Cetera Investment Advisers purchased a new stake in Steven Madden in the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 price objective on shares of Steven Madden in a report on Wednesday, December 17th. Citigroup reaffirmed a “buy” rating and set a $41.00 price target (up previously from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. UBS Group reiterated a “neutral” rating and issued a $43.00 price target on shares of Steven Madden in a report on Tuesday, December 9th. Piper Sandler upped their price objective on Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Needham & Company LLC upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.57.

Steven Madden Price Performance

SHOO opened at $45.49 on Thursday. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $46.39. The company has a 50 day moving average of $41.99 and a two-hundred day moving average of $34.05. The company has a market cap of $3.31 billion, a P/E ratio of 57.58 and a beta of 1.11. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were paid a $0.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Steven Madden’s dividend payout ratio (DPR) is 106.33%.

About Steven Madden

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.