Steven Madden, Ltd. (NASDAQ:SHOO) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in Steven Madden, Ltd. (NASDAQ:SHOOFree Report) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,064 shares of the textile maker’s stock after purchasing an additional 1,211 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Steven Madden were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC raised its stake in shares of Steven Madden by 2.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,979 shares of the textile maker’s stock worth $444,000 after buying an additional 315 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Steven Madden by 1.9% during the 1st quarter. Bank of Montreal Can now owns 22,683 shares of the textile maker’s stock worth $912,000 after buying an additional 414 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Steven Madden by 83.9% in the 1st quarter. Belpointe Asset Management LLC now owns 997 shares of the textile maker’s stock worth $36,000 after acquiring an additional 455 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Steven Madden by 1.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,365 shares of the textile maker’s stock worth $1,092,000 after acquiring an additional 482 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Steven Madden by 1.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 52,702 shares of the textile maker’s stock worth $2,036,000 after acquiring an additional 538 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHOO. Wedbush upped their price target on Steven Madden from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup cut Steven Madden from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target on shares of Steven Madden in a report on Thursday, January 4th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $39.00 price target on shares of Steven Madden in a report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.14.

View Our Latest Analysis on Steven Madden

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $41.75 on Friday. The business’s fifty day moving average price is $41.74 and its two-hundred day moving average price is $36.58. The stock has a market cap of $3.11 billion, a PE ratio of 18.72 and a beta of 1.17. Steven Madden, Ltd. has a one year low of $29.92 and a one year high of $44.23.

Steven Madden (NASDAQ:SHOOGet Free Report) last announced its earnings results on Wednesday, November 8th. The textile maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Steven Madden had a return on equity of 20.30% and a net margin of 8.68%. The firm had revenue of $552.73 million for the quarter, compared to analysts’ expectations of $548.98 million. During the same quarter in the prior year, the firm earned $0.79 EPS. Steven Madden’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts predict that Steven Madden, Ltd. will post 2.4 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, December 14th. Steven Madden’s dividend payout ratio is presently 37.67%.

Steven Madden Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

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