Boston Partners Increases Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Boston Partners boosted its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 819,597 shares of the textile maker’s stock after buying an additional 29,095 shares during the quarter. Boston Partners’ holdings in Steven Madden were worth $34,734,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after buying an additional 528,619 shares during the last quarter. Geode Capital Management LLC raised its position in Steven Madden by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock worth $83,812,000 after buying an additional 49,075 shares during the last quarter. Principal Financial Group Inc. raised its position in Steven Madden by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker’s stock worth $16,208,000 after buying an additional 11,602 shares during the last quarter. Fisher Asset Management LLC raised its position in Steven Madden by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 745,798 shares of the textile maker’s stock worth $31,711,000 after buying an additional 17,124 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Steven Madden by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker’s stock worth $47,736,000 after buying an additional 25,903 shares during the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHOO has been the subject of a number of recent research reports. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup cut their target price on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. Finally, Telsey Advisory Group cut their target price on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Steven Madden has a consensus rating of “Hold” and a consensus price target of $40.33.

Steven Madden Stock Performance

Steven Madden stock opened at $25.52 on Thursday. The company’s fifty day moving average price is $36.22 and its 200 day moving average price is $41.96. Steven Madden, Ltd. has a 1 year low of $24.97 and a 1 year high of $50.01. The stock has a market capitalization of $1.85 billion, a P/E ratio of 10.86 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million for the quarter, compared to analysts’ expectations of $550.37 million. Sell-side analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.29%. Steven Madden’s dividend payout ratio is currently 35.74%.

Steven Madden Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.