Fort Washington Investment Advisors Inc. OH Acquires 47,113 Shares of Steven Madden, Ltd. $SHOO

Fort Washington Investment Advisors Inc. OH increased its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 537,277 shares of the textile maker’s stock after acquiring an additional 47,113 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Steven Madden were worth $17,988,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Steven Madden by 50.5% during the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after purchasing an additional 814,318 shares in the last quarter. Millennium Management LLC boosted its position in shares of Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after buying an additional 568,477 shares during the last quarter. Nixon Capital LLC grew its holdings in Steven Madden by 303.5% during the second quarter. Nixon Capital LLC now owns 708,466 shares of the textile maker’s stock worth $16,989,000 after buying an additional 532,870 shares in the last quarter. Franklin Resources Inc. grew its holdings in Steven Madden by 102.4% during the second 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. Finally, Wasatch Advisors LP purchased a new stake in Steven Madden in the 2nd quarter valued at $5,470,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SHOO. Telsey Advisory Group reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Steven Madden in a report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, BTIG Research restated a “buy” rating and issued a $50.00 target price (up previously from $43.00) on shares of Steven Madden in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.

Steven Madden Stock Performance

Shares of SHOO stock opened at $42.19 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 53.41 and a beta of 1.13. Steven Madden, Ltd. has a 52 week low of $19.05 and a 52 week high of $44.99. The firm’s 50-day simple moving average is $39.94 and its two-hundred day simple moving average is $32.55.

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

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.