Deutsche Bank AG increased its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 165.2% in the 4th quarter, Holdings Channel reports. The firm owned 391,497 shares of the textile maker’s stock after purchasing an additional 243,875 shares during the period. Deutsche Bank AG’s holdings in Steven Madden were worth $11,844,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in Steven Madden by 61.6% in the 4th quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock worth $25,000 after buying an additional 317 shares during the period. Resources Investment Advisors Inc. increased its position in Steven Madden by 50.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock worth $27,000 after buying an additional 295 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Steven Madden in the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its position in Steven Madden by 41.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock worth $39,000 after buying an additional 378 shares during the period. Finally, Bessemer Group Inc. bought a new position in Steven Madden in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Several research analysts have commented on SHOO shares. B. Riley reaffirmed a “buy” rating and issued a $38.00 price target on shares of Steven Madden in a research report on Monday, February 25th. Loop Capital lifted their price target on Steven Madden to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, February 15th. ValuEngine raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, BidaskClub raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.73.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 27th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $410.36 million for the quarter, compared to analysts’ expectations of $401.50 million. Steven Madden had a return on equity of 19.00% and a net margin of 7.81%. Steven Madden’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts predict that Steven Madden, Ltd. will post 1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, March 18th. Steven Madden’s dividend payout ratio is presently 30.60%.
About Steven Madden
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.
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