Steven Madden, Ltd. (NASDAQ:SHOO) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 80,763 shares of the textile maker’s stock after acquiring an additional 3,246 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Steven Madden were worth $2,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHOO. Belpointe Asset Management LLC increased its position in Steven Madden by 83.9% during the first quarter. Belpointe Asset Management LLC now owns 997 shares of the textile maker’s stock worth $36,000 after purchasing an additional 455 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in Steven Madden by 312.3% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 1,542 shares of the textile maker’s stock worth $49,000 after purchasing an additional 1,168 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Steven Madden during the first quarter worth about $56,000. Bessemer Group Inc. acquired a new stake in Steven Madden during the first quarter worth about $79,000. Finally, Gladius Capital Management LP increased its position in Steven Madden by 14.6% during the first quarter. Gladius Capital Management LP now owns 2,471 shares of the textile maker’s stock worth $89,000 after purchasing an additional 314 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Stock Performance

NASDAQ SHOO opened at $36.88 on Tuesday. The firm has a 50 day simple moving average of $32.78 and a 200-day simple moving average of $33.07. Steven Madden, Ltd. has a one year low of $29.92 and a one year high of $37.85. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 16.54 and a beta of 1.09.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. Steven Madden had a net margin of 8.68% and a return on equity of 20.30%. The business had revenue of $552.73 million during the quarter, compared to analyst estimates of $548.98 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts predict that Steven Madden, Ltd. will post 2.4 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. Steven Madden’s dividend payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. UBS Group lifted their price target on shares of Steven Madden from $35.00 to $37.00 in a research report on Thursday, August 3rd. BTIG Research reiterated a “buy” rating and set a $40.00 price target on shares of Steven Madden in a research report on Tuesday, September 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $39.00 price target on shares of Steven Madden in a research report on Wednesday, November 15th. Finally, Citigroup lifted their price target on shares of Steven Madden from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.80.

Steven Madden Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, First Cost, and Licensing segments.