US Bancorp DE Buys 377 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)
US Bancorp DE boosted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,027 shares of the textile maker’s stock after acquiring an additional 377 shares during the period. US Bancorp DE’s holdings in Steven Madden were worth $542,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SHOO. Quadrant Capital Group LLC increased its holdings in Steven Madden by 1,100.0% during the 1st quarter. Quadrant Capital Group LLC now owns 804 shares of the textile maker’s stock worth $26,000 after purchasing an additional 737 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Steven Madden by 61.6% during the 4th quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock worth $25,000 after purchasing an additional 317 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in Steven Madden by 50.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock worth $27,000 after purchasing an additional 295 shares in the last quarter. Bessemer Group Inc. bought a new stake in Steven Madden during the 4th quarter worth approximately $42,000. Finally, Valeo Financial Advisors LLC bought a new stake in Steven Madden during the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.
A number of analysts have commented on SHOO shares. BidaskClub raised Steven Madden from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Telsey Advisory Group reissued a “market perform” rating and set a $37.00 price objective on shares of Steven Madden in a report on Thursday, February 28th. Zacks Investment Research raised Steven Madden from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. ValuEngine lowered Steven Madden from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Loop Capital boosted their price objective on Steven Madden to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.23.
Steven Madden stock traded down $0.17 during trading on Wednesday, hitting $32.47. The stock had a trading volume of 7,699 shares, compared to its average volume of 560,944. Steven Madden, Ltd. has a 1 year low of $27.88 and a 1 year high of $39.30. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.93 and a beta of 0.77.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Steven Madden had a return on equity of 19.36% and a net margin of 8.06%. The business had revenue of $410.90 million for the quarter, compared to the consensus estimate of $404.31 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. Steven Madden’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts anticipate that Steven Madden, Ltd. will post 1.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be paid a $0.14 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.56 annualized dividend and a yield of 1.72%. Steven Madden’s payout ratio is 30.60%.
Steven Madden Profile
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.
Further Reading: Support Level
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