Crossmark International Holdings Inc. trimmed its place in shares of Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) by 5.5% within the 2nd quarter, in response to the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee. The institutional investor owned 5,426 shares of the textile maker’s inventory after promoting 313 shares through the interval. Crossmark International Holdings Inc.’s holdings in Steven Madden have been price $229,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different hedge funds have additionally just lately purchased and offered shares of SHOO. Russell Investments Group Ltd. elevated its place in Steven Madden by 24.2% through the fourth quarter. Russell Investments Group Ltd. now owns 84,528 shares of the textile maker’s inventory price $3,550,000 after shopping for an extra 16,464 shares over the last quarter. Natixis Advisors L.P. elevated its place in Steven Madden by 9.8% through the fourth quarter. Natixis Advisors L.P. now owns 14,467 shares of the textile maker’s inventory price $607,000 after shopping for an extra 1,292 shares over the last quarter. Charles Schwab Funding Administration Inc. elevated its place in Steven Madden by 2.6% through the fourth quarter. Charles Schwab Funding Administration Inc. now owns 1,024,238 shares of the textile maker’s inventory price $43,018,000 after shopping for an extra 26,177 shares over the last quarter. First Eagle Funding Administration LLC elevated its place in Steven Madden by 3.4% through the fourth quarter. First Eagle Funding Administration LLC now owns 229,826 shares of the textile maker’s inventory price $9,653,000 after shopping for an extra 7,499 shares over the last quarter. Lastly, Norges Financial institution acquired a brand new place in Steven Madden through the fourth quarter price $19,846,000. 99.88% of the inventory is owned by institutional buyers and hedge funds.
Wall Road Analysts Forecast Development
SHOO has been the subject of a number of analyst stories. StockNews.com downgraded shares of Steven Madden from a “purchase” score to a “maintain” score in a analysis report on Tuesday, August twenty seventh. BTIG Analysis raised their value goal on Steven Madden from $50.00 to $53.00 and gave the corporate a “purchase” score in a analysis report on Thursday, June sixth. Telsey Advisory Group reaffirmed a “market carry out” score and issued a $44.00 value goal on shares of Steven Madden in a analysis report on Wednesday, July thirty first. Wedbush reaffirmed a “impartial” score and issued a $41.00 value goal on shares of Steven Madden in a analysis report on Wednesday, August seventh. Lastly, Piper Sandler reaffirmed a “impartial” score and issued a $45.00 value goal on shares of Steven Madden in a analysis report on Friday, August twenty third. Seven analysis analysts have rated the inventory with a maintain score and one has issued a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat.com, the inventory presently has a median score of “Maintain” and a consensus goal value of $44.29.
View Our Newest Inventory Report on Steven Madden
Steven Madden Inventory Down 1.2 %
SHOO inventory opened at $43.97 on Thursday. Steven Madden, Ltd. has a twelve month low of $30.35 and a twelve month excessive of $47.24. The corporate has a market cap of $3.19 billion, a PE ratio of 18.17 and a beta of 1.08. The enterprise’s 50-day easy transferring common is $43.56 and its 200 day easy transferring common is $42.54.
Steven Madden (NASDAQ:SHOO – Get Free Report) final launched its earnings outcomes on Wednesday, July thirty first. The textile maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Steven Madden had a return on fairness of 23.49% and a web margin of 8.36%. The enterprise had income of $523.60 million for the quarter, in comparison with the consensus estimate of $515.15 million. Throughout the identical interval final 12 months, the enterprise earned $0.47 earnings per share. The agency’s income for the quarter was up 17.6% in comparison with the identical quarter final 12 months. On common, equities analysis analysts anticipate that Steven Madden, Ltd. will publish 2.62 EPS for the present 12 months.
Steven Madden Broadcasts Dividend
The corporate additionally just lately introduced a quarterly dividend, which will probably be paid on Monday, September twenty third. Buyers of document on Friday, September thirteenth will probably be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized foundation and a yield of 1.91%. The ex-dividend date of this dividend is Friday, September thirteenth. Steven Madden’s dividend payout ratio (DPR) is presently 34.71%.
Insider Shopping for and Promoting
In associated information, Director Peter Migliorini offered 3,000 shares of Steven Madden inventory in a transaction dated Wednesday, June twelfth. The inventory was offered at a median value of $43.81, for a complete transaction of $131,430.00. Following the sale, the director now straight owns 16,006 shares of the corporate’s inventory, valued at $701,222.86. The transaction was disclosed in a doc filed with the SEC, which might be accessed via this hyperlink. 2.08% of the inventory is owned by firm insiders.
About Steven Madden
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and personal label footwear, equipment, and attire in the USA and internationally. It operates via Wholesale Footwear, Wholesale Equipment/Attire, Direct-to- Shopper, and Licensing segments. The Wholesale Footwear phase designs, sources, and markets numerous merchandise, together with costume sneakers, boots, booties, trend sneakers, sandals, and informal sneakers below the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein manufacturers.
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