Quantbot Technologies LP Acquires Shares of 46,551 Steven Madden, Ltd. (NASDAQ:SHOO)

Quantbot Technologies LP acquired a new stake in Steven Madden, Ltd. (NASDAQ:SHOO) in the first quarter, Holdings Channel reports. The fund acquired 46,551 shares of the textile maker’s stock, valued at approximately $1,968,000.

A number of other institutional investors have also recently bought and sold shares of SHOO. Gallacher Capital Management LLC acquired a new position in shares of Steven Madden in the 1st quarter valued at approximately $401,000. Texas Permanent School Fund Corp raised its stake in shares of Steven Madden by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 61,378 shares of the textile maker’s stock valued at $2,595,000 after acquiring an additional 794 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Steven Madden by 456.9% during the first quarter. GSA Capital Partners LLP now owns 34,017 shares of the textile maker’s stock valued at $1,438,000 after acquiring an additional 27,909 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Steven Madden during the first quarter valued at $170,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Steven Madden during the first quarter worth $47,000. Institutional investors own 99.88% of the company’s stock.

Insider Transactions at Steven Madden

In related news, Director Rose Peabody Lynch sold 1,600 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $44.41, for a total transaction of $71,056.00. Following the completion of the sale, the director now directly owns 21,303 shares in the company, valued at approximately $946,066.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Karla Frieders sold 10,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $44.91, for a total transaction of $449,100.00. Following the sale, the insider now directly owns 86,658 shares of the company’s stock, valued at approximately $3,891,810.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rose Peabody Lynch sold 1,600 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $44.41, for a total transaction of $71,056.00. Following the completion of the transaction, the director now owns 21,303 shares in the company, valued at approximately $946,066.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,600 shares of company stock worth $651,586. 2.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SHOO shares. Telsey Advisory Group restated a “market perform” rating and issued a $44.00 price target on shares of Steven Madden in a report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of Steven Madden in a research note on Friday, May 17th. Finally, BTIG Research raised their price objective on shares of Steven Madden from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.38.

Steven Madden Stock Performance

SHOO stock traded up $0.25 during mid-day trading on Friday, hitting $44.54. The company had a trading volume of 733,902 shares, compared to its average volume of 729,045. The firm has a market cap of $3.27 billion, a PE ratio of 18.40 and a beta of 1.09. Steven Madden, Ltd. has a 12 month low of $30.35 and a 12 month high of $45.91. The stock’s fifty day moving average price is $42.90 and its two-hundred day moving average price is $42.09.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, May 1st. The textile maker reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The firm had revenue of $552.38 million during the quarter, compared to the consensus estimate of $525.04 million. Steven Madden had a net margin of 8.65% and a return on equity of 22.68%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. Equities analysts anticipate that Steven Madden, Ltd. will post 2.62 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 10th were paid a $0.21 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. Steven Madden’s dividend payout ratio is presently 34.71%.

Steven Madden Company 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.