Nisa Investment Advisors LLC Has $147,000 Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Nisa Investment Advisors LLC lessened its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,502 shares of the textile maker’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Steven Madden were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Steven Madden by 4,100.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock worth $69,000 after purchasing an additional 1,599 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Steven Madden by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,469,956 shares of the textile maker’s stock worth $61,738,000 after purchasing an additional 345,558 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Steven Madden by 4.1% during the 4th quarter. Raymond James & Associates now owns 105,879 shares of the textile maker’s stock worth $4,447,000 after purchasing an additional 4,136 shares in the last quarter. Vest Financial LLC bought a new position in shares of Steven Madden during the 4th quarter worth approximately $238,000. Finally, Vanguard Group Inc. lifted its position in shares of Steven Madden by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,329,605 shares of the textile maker’s stock worth $264,632,000 after buying an additional 80,199 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.

Insider Activity

In related news, CEO Edward R. Rosenfeld sold 48,500 shares of Steven Madden stock in a transaction on Friday, March 15th. The stock was sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the sale, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Edward R. Rosenfeld sold 48,500 shares of Steven Madden stock in a transaction on Friday, March 15th. The stock was sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the sale, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Allan Davis sold 1,200 shares of Steven Madden stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $42.13, for a total value of $50,556.00. Following the sale, the director now directly owns 5,751 shares of the company’s stock, valued at $242,289.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,346 shares of company stock valued at $2,464,841. Company insiders own 2.01% of the company’s stock.

Steven Madden Stock Performance

Shares of SHOO opened at $39.12 on Friday. The stock has a fifty day moving average price of $41.71 and a two-hundred day moving average price of $39.44. Steven Madden, Ltd. has a 52-week low of $29.92 and a 52-week high of $45.63. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 17.01 and a beta of 1.16.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, February 28th. The textile maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $519.71 million during the quarter, compared to analysts’ expectations of $511.96 million. Steven Madden had a return on equity of 21.61% and a net margin of 8.67%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. As a group, research analysts predict that Steven Madden, Ltd. will post 2.61 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.15%. Steven Madden’s dividend payout ratio (DPR) is currently 36.52%.

Wall Street Analysts Forecast Growth

SHOO has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Steven Madden from $39.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th. StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Wedbush raised their target price on Steven Madden from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Jefferies Financial Group restated a “hold” rating and set a $40.00 target price on shares of Steven Madden in a research report on Thursday, January 4th. Finally, Citigroup raised their target price on Steven Madden from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.38.

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.