Counterpoint Mutual Funds LLC Buys Shares of 7,237 Steven Madden, Ltd. (NASDAQ:SHOO)

Counterpoint Mutual Funds LLC bought a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,237 shares of the textile maker’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of Steven Madden during the 4th quarter worth approximately $72,795,000. FMR LLC boosted its holdings in shares of Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after buying an additional 528,619 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Steven Madden during the 4th quarter worth approximately $13,652,000. Weiss Asset Management LP bought a new position in shares of Steven Madden during the 3rd quarter worth approximately $12,558,000. Finally, Barclays PLC boosted its holdings in shares of Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker’s stock worth $6,819,000 after buying an additional 103,226 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Stock Performance

Shares of SHOO opened at $25.31 on Wednesday. The business has a 50-day moving average of $36.53 and a 200 day moving average of $42.07. Steven Madden, Ltd. has a fifty-two week low of $24.97 and a fifty-two week high of $50.01. The firm has a market cap of $1.83 billion, a P/E ratio of 10.77 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 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 $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. As a group, research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.32%. Steven Madden’s dividend payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Citigroup cut their target price on Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Loop Capital cut their target price on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Piper Sandler lowered their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Steven Madden presently has an average rating of “Hold” and an average price target of $40.33.

Steven Madden 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.