Assenagon Asset Management S.A. Has $799,000 Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Assenagon Asset Management S.A. cut its position in shares of Steven Madden, Ltd. (NASDAQ:SHOOFree Report) by 72.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,003 shares of the textile maker’s stock after selling 76,969 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Steven Madden were worth $799,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP increased its position in shares of Steven Madden by 403.6% during the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock worth $59,000 after buying an additional 1,110 shares during the period. Smartleaf Asset Management LLC boosted its stake in Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after acquiring an additional 741 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Steven Madden during the fourth quarter worth $177,000. Mariner LLC boosted its stake in Steven Madden by 7.2% during the fourth quarter. Mariner LLC now owns 4,740 shares of the textile maker’s stock worth $202,000 after acquiring an additional 319 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Steven Madden by 12.3% during the fourth quarter. Xponance Inc. now owns 5,320 shares of the textile maker’s stock worth $226,000 after acquiring an additional 584 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Trading Down 1.1%

Steven Madden stock opened at $23.25 on Thursday. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $50.01. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.02 and a beta of 1.12. The firm’s fifty day moving average price is $23.30 and its two-hundred day moving average price is $31.78.

Steven Madden (NASDAQ:SHOOGet Free Report) last released its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Steven Madden had a net margin of 7.26% and a return on equity of 21.63%. The firm had revenue of $551.38 million for the quarter, compared to analyst estimates of $557.81 million. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, June 9th. Steven Madden’s payout ratio is currently 36.21%.

Analyst Ratings Changes

SHOO has been the topic of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 target price on shares of Steven Madden in a research note on Wednesday, June 4th. Loop Capital cut their target price on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Citigroup cut their target price on shares of Steven Madden from $35.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. UBS Group increased their target price on shares of Steven Madden from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.50.

Get Our Latest Analysis on SHOO

Steven Madden Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

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