Systematic Financial Management LP Sells 46,072 Shares of Steven Madden, Ltd. $SHOO

Systematic Financial Management LP lowered its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 454,612 shares of the textile maker’s stock after selling 46,072 shares during the period. Systematic Financial Management LP’s holdings in Steven Madden were worth $18,930,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Strs Ohio raised its stake in shares of Steven Madden by 993.2% during the third quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock valued at $4,319,000 after acquiring an additional 117,200 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new position in shares of Steven Madden during the fourth quarter valued at $3,348,000. Vanguard Group Inc. raised its stake in shares of Steven Madden by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after acquiring an additional 200,013 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Steven Madden during the third quarter valued at $1,088,000. Finally, William Blair Investment Management LLC raised its stake in shares of Steven Madden by 7.1% during the third quarter. William Blair Investment Management LLC now owns 725,449 shares of the textile maker’s stock valued at $24,288,000 after acquiring an additional 48,234 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of NASDAQ SHOO opened at $41.93 on Friday. Steven Madden, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.88. The firm has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $39.33. The company has a market capitalization of $3.06 billion, a PE ratio of 39.93 and a beta of 1.12. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

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

Steven Madden Announces Dividend

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 dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analyst Weigh In

SHOO has been the subject of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, April 30th. Needham & Company LLC lifted their target price on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Telsey Advisory Group reissued an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research note on Thursday, February 26th. Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.88.

Insider Buying and Selling

In other Steven Madden news, Director Arian Simone Reed sold 648 shares of the firm’s 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 completion of the sale, the director directly owned 8,057 shares in the company, valued at approximately $322,038.29. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.21% of the company’s stock.

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.