Steven Madden, Ltd. $SHOO Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 74.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,400 shares of the textile maker’s stock after acquiring an additional 32,300 shares during the period. Hodges Capital Management Inc.’s holdings in Steven Madden were worth $2,558,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SHOO. Wellington Management Group LLP boosted its holdings in Steven Madden by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock valued at $115,613,000 after purchasing an additional 528,829 shares in the last quarter. Invesco Ltd. raised its holdings in Steven Madden by 15.2% during the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after purchasing an additional 367,459 shares in the last quarter. Capital Research Global Investors raised its holdings in Steven Madden by 14.0% during the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after purchasing an additional 334,058 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Steven Madden by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after buying an additional 41,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Steven Madden by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,271,827 shares of the textile maker’s stock worth $52,959,000 after buying an additional 5,288 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SHOO shares. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. UBS Group restated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. Williams Trading set a $48.00 price objective on Steven Madden in a report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Steven Madden currently has a consensus rating of “Hold” and a consensus target price of $45.12.

Steven Madden Stock Performance

Shares of Steven Madden stock opened at $39.71 on Tuesday. The firm’s fifty day simple moving average is $41.63 and its 200-day simple moving average is $39.96. Steven Madden, Ltd. has a 12 month low of $22.26 and a 12 month high of $47.10. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 37.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. During the same quarter in the prior year, the business earned $0.60 EPS. Steven Madden’s quarterly revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities analysts forecast that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. Steven Madden’s dividend payout ratio is 80.00%.

Insider Activity

In related news, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the transaction, the director owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider directly owned 35,200 shares of the company’s stock, valued at approximately $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,270 shares of company stock valued at $276,992 in the last quarter. Insiders own 2.21% of the company’s stock.

Steven Madden Profile

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.