Steven Madden, Ltd. (NASDAQ:SHOO) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 728,674 shares of the textile maker’s stock after acquiring an additional 4,108 shares during the period. Fisher Asset Management LLC owned approximately 1.00% of Steven Madden worth $35,698,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in Steven Madden by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,840 shares of the textile maker’s stock worth $2,066,000 after purchasing an additional 35,761 shares during the period. Jane Street Group LLC boosted its position in shares of Steven Madden by 36.9% in the first quarter. Jane Street Group LLC now owns 183,423 shares of the textile maker’s stock worth $7,755,000 after buying an additional 49,432 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Steven Madden in the third quarter valued at about $2,614,000. Nicholas Investment Partners LP purchased a new stake in shares of Steven Madden during the 2nd quarter valued at about $4,863,000. Finally, Vest Financial LLC acquired a new position in Steven Madden during the 2nd quarter worth approximately $1,074,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SHOO. Citigroup increased their price objective on shares of Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $50.00 price target on shares of Steven Madden in a research note on Wednesday, November 13th. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC began coverage on Steven Madden in a research note on Friday, November 22nd. They set a “hold” rating for the company. Finally, Wedbush reiterated a “neutral” rating and issued a $41.00 price target on shares of Steven Madden in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.43.

Steven Madden Stock Down 2.8 %

Shares of Steven Madden stock opened at $44.16 on Wednesday. The business has a 50-day moving average price of $46.28 and a 200 day moving average price of $44.47. Steven Madden, Ltd. has a fifty-two week low of $36.56 and a fifty-two week high of $50.01. The firm has a market cap of $3.19 billion, a P/E ratio of 18.79 and a beta of 1.08.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The business had revenue of $624.68 million during the quarter, compared to the consensus estimate of $607.89 million. During the same period in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate that Steven Madden, Ltd. will post 2.65 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, December 13th. Steven Madden’s dividend payout ratio (DPR) is presently 35.74%.

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.