Steven Madden, Ltd. $SHOO Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 15.8% during the third quarter, Holdings Channel reports. The institutional investor owned 66,340 shares of the textile maker’s stock after selling 12,416 shares during the quarter. Vest Financial LLC’s holdings in Steven Madden were worth $2,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHOO. EverSource Wealth Advisors LLC grew its stake in shares of Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after purchasing an additional 485 shares during the last quarter. Signaturefd LLC boosted its holdings in Steven Madden by 475.5% during the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock worth $60,000 after buying an additional 2,059 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Steven Madden by 172.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,523 shares of the textile maker’s stock worth $185,000 after buying an additional 3,494 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Steven Madden in the second quarter valued at $204,000. Finally, Americana Partners LLC bought a new position in shares of Steven Madden in the second quarter valued at $205,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHOO shares. Piper Sandler boosted their target price on Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Telsey Advisory Group restated an “outperform” rating and set a $50.00 price objective on shares of Steven Madden in a report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective (up from $43.00) on shares of Steven Madden in a research note on Thursday, December 4th. Finally, Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Steven Madden presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.57.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $45.26 on Friday. The business’s 50-day simple moving average is $42.84 and its 200-day simple moving average is $34.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. Steven Madden, Ltd. has a 52 week low of $19.05 and a 52 week high of $46.55. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 57.29 and a beta of 1.11.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The company had revenue of $667.88 million during the quarter, compared to analyst estimates of $697.89 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, equities research analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were paid a $0.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is presently 106.33%.

About Steven Madden

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.