Bank of New York Mellon Corp Increases Stock Position in Steven Madden, Ltd. $SHOO

Bank of New York Mellon Corp grew its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 797,006 shares of the textile maker’s stock after buying an additional 4,840 shares during the period. Bank of New York Mellon Corp’s holdings in Steven Madden were worth $19,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SHOO. Jefferies Financial Group Inc. acquired a new position in shares of Steven Madden during the 1st quarter worth $303,000. American Century Companies Inc. increased its holdings in Steven Madden by 74.0% during the 1st quarter. American Century Companies Inc. now owns 130,079 shares of the textile maker’s stock valued at $3,465,000 after acquiring an additional 55,300 shares in the last quarter. State of Alaska Department of Revenue raised its position in Steven Madden by 8.1% during the second quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock worth $1,036,000 after acquiring an additional 3,247 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Steven Madden by 15.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,679,538 shares of the textile maker’s stock valued at $42,324,000 after purchasing an additional 224,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Steven Madden in the second quarter valued at about $389,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Price Performance

SHOO stock opened at $37.92 on Monday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 29.86 and a beta of 1.31. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. Steven Madden, Ltd. has a 52-week low of $19.05 and a 52-week high of $46.76. The stock’s fifty day simple moving average is $34.24 and its 200-day simple moving average is $28.59.

Steven Madden (NASDAQ:SHOO) last released 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 return on equity of 18.32% and a net margin of 3.92%.The business had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. During the same quarter last year, the company posted $0.91 earnings per share. The business’s quarterly 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. Equities research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHOO. UBS Group lifted their price objective on Steven Madden from $26.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Citigroup reissued a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Steven Madden in a research note on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Steven Madden currently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

Steven Madden 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.