First Trust Advisors LP Has $596,000 Stock Position in Steven Madden, Ltd. $SHOO

First Trust Advisors LP reduced its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 97.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,566 shares of the textile maker’s stock after selling 580,667 shares during the period. First Trust Advisors LP’s holdings in Steven Madden were worth $596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 485 shares during the period. Los Angeles Capital Management LLC acquired a new position in Steven Madden during the 4th quarter worth $30,000. Global Retirement Partners LLC boosted its holdings in Steven Madden by 1,064.3% during the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 745 shares during the period. First Horizon Corp boosted its holdings in Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 435 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHOO shares. Zacks Research lowered Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. UBS Group restated a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Needham & Company LLC raised their target price on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday, August 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.75.

Insider Transactions at Steven Madden

In other news, Director Mitchell S. Klipper sold 3,918 shares of Steven Madden stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total transaction of $190,179.72. Following the sale, the director owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider owned 35,200 shares in the company, valued at approximately $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,356 shares of company stock worth $717,204 over the last quarter. 2.21% of the stock is owned by company insiders.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $48.29 on Wednesday. The firm’s 50-day moving average is $43.87 and its 200-day moving average is $40.07. Steven Madden, Ltd. has a 52-week low of $24.81 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 24.27 and a beta of 1.14.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities research analysts anticipate that Steven Madden, Ltd. will post 2.14 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a $0.21 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. Steven Madden’s dividend payout ratio (DPR) is currently 42.21%.

Steven Madden Company 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.