First Trust Advisors LP Lowers Stock Holdings in Steven Madden, Ltd. $SHOO

First Trust Advisors LP cut its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 21.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,933 shares of the textile maker’s stock after selling 384,181 shares during the period. First Trust Advisors LP’s holdings in Steven Madden were worth $33,858,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Steven Madden by 328.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock worth $58,000 after buying an additional 1,657 shares during the period. Signaturefd LLC lifted its holdings in Steven Madden by 475.5% during the 2nd quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock worth $60,000 after buying an additional 2,059 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Steven Madden by 17.5% during the 1st quarter. HighTower Advisors LLC now owns 7,567 shares of the textile maker’s stock worth $202,000 after buying an additional 1,128 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Steven Madden in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Stock Up 1.1%

Shares of NASDAQ SHOO opened at $43.57 on Wednesday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 55.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. The business has a 50-day moving average of $37.27 and a two-hundred day moving average of $30.61. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $44.44.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same quarter in the previous year, the company posted $0.91 EPS. The company’s 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. On average, analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued 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 (DPR) is presently 106.33%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup restated a “buy” rating and issued a $41.00 price target (up previously from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. BTIG Research reissued a “buy” rating and set a $50.00 target price (up from $43.00) on shares of Steven Madden in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a report on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $45.00 price objective on shares of Steven Madden in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Steven Madden has an average rating of “Moderate Buy” and an average target price of $44.00.

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.