SG Americas Securities LLC Purchases 527,156 Shares of Steven Madden, Ltd. $SHOO

SG Americas Securities LLC increased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 13,228.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 531,141 shares of the textile maker’s stock after buying an additional 527,156 shares during the period. SG Americas Securities LLC’s holdings in Steven Madden were worth $22,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Steven Madden by 3.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,447 shares of the textile maker’s stock valued at $722,000 after purchasing an additional 561 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Steven Madden by 4.1% in the fourth quarter. GAMMA Investing LLC now owns 10,076 shares of the textile maker’s stock worth $420,000 after purchasing an additional 396 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Steven Madden during the 3rd quarter worth about $256,000. Icon Advisers Inc. Co. bought a new stake in Steven Madden during the 3rd quarter valued at approximately $904,000. Finally, XTX Topco Ltd bought a new stake in Steven Madden during the 3rd quarter valued at approximately $727,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Trading Down 2.3%

Shares of SHOO opened at $33.20 on Friday. The stock’s 50-day moving average price is $38.00 and its 200 day moving average price is $38.12. The company has a quick ratio of 1.11, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 53.55 and a beta of 1.13. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $46.88.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.The company had revenue of $753.70 million during the quarter, compared to the consensus estimate of $758.53 million. During the same quarter last year, the company earned $0.55 EPS. The company’s quarterly revenue was up 29.6% on a year-over-year basis. As a group, research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Wednesday, March 11th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, March 11th. Steven Madden’s dividend payout ratio (DPR) is 135.48%.

Insiders Place Their Bets

In other Steven Madden news, Director Arian Simone Reed sold 3,600 shares of Steven Madden stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $33.44, for a total transaction of $120,384.00. Following the sale, the director owned 8,705 shares in the company, valued at $291,095.20. The trade was a 29.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Thursday, January 22nd. UBS Group reissued a “neutral” rating on shares of Steven Madden in a research report on Monday, February 23rd. BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, February 26th. Needham & Company LLC dropped their target price on shares of Steven Madden from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group cut shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Steven Madden currently has an average rating of “Hold” and an average price target of $44.00.

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.