Steven Madden, Ltd. $SHOO Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 35.6% during the second quarter, HoldingsChannel reports. The firm owned 176,375 shares of the textile maker’s stock after purchasing an additional 46,296 shares during the quarter. American Century Companies Inc.’s holdings in Steven Madden were worth $4,229,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SHOO. Segall Bryant & Hamill LLC boosted its holdings in shares of Steven Madden by 23.8% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 680,017 shares of the textile maker’s stock valued at $16,307,000 after buying an additional 130,588 shares during the period. Rhumbline Advisers increased its position in shares of Steven Madden by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 206,513 shares of the textile maker’s stock valued at $4,952,000 after purchasing an additional 2,972 shares during the period. Franklin Resources Inc. raised its stake in shares of Steven Madden by 102.4% in the 2nd quarter. Franklin Resources Inc. now owns 770,548 shares of the textile maker’s stock worth $18,478,000 after buying an additional 389,878 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Steven Madden by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 207,329 shares of the textile maker’s stock worth $4,972,000 after buying an additional 9,705 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Steven Madden in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHOO. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Piper Sandler upped their target price on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. BTIG Research reissued a “buy” rating and issued a $50.00 price target (up previously from $43.00) on shares of Steven Madden in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Steven Madden Trading Up 1.8%

Shares of NASDAQ:SHOO opened at $43.88 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.19 billion, a PE ratio of 55.55 and a beta of 1.13. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $45.13. The firm has a fifty day moving average price of $36.89 and a 200 day moving average price of $30.35.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $667.88 million during the quarter, compared to analyst estimates of $697.89 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.Steven Madden’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio is presently 106.33%.

About Steven Madden

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.