Lazard Asset Management LLC Makes New $1.97 Million Investment in Steven Madden, Ltd. $SHOO

Lazard Asset Management LLC bought a new stake in Steven Madden, Ltd. (NASDAQ:SHOO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,957 shares of the textile maker’s stock, valued at approximately $1,966,000.

A number of other hedge funds have also made changes to their positions in SHOO. Public Employees Retirement System of Ohio boosted its position in shares of Steven Madden by 13.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after buying an additional 283 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after acquiring an additional 300 shares in the last quarter. First Horizon Corp raised its position in Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after acquiring an additional 317 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Steven Madden by 2.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock worth $572,000 after acquiring an additional 321 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Steven Madden by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Arian Simone Reed sold 648 shares of Steven Madden stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the sale, the director owned 8,057 shares of the company’s stock, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,270 shares of company stock worth $276,992. Corporate insiders own 2.21% of the company’s stock.

More Steven Madden News

Here are the key news stories impacting Steven Madden this week:

• Positive Sentiment: Q2 results exceeded expectations: Adjusted EPS was $0.44, above the $0.33 analyst consensus and up from $0.20 a year earlier. Revenue rose 19.1% year over year to $665.9 million, beating estimates of approximately $635.4 million. Steven Madden Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 outlook was raised: Steven Madden increased its full-year revenue and adjusted EPS expectations following the quarterly rebound. Current EPS guidance is $2.05 to $2.15, with revenue guidance near $2.8 billion, supporting the view that demand and profitability are improving. SHOO Stock Jumps After Q2 Earnings Beat
• Positive Sentiment: Analyst sentiment improved: Telsey Advisory Group raised its price target from $50 to $55 and assigned an “Outperform” rating. Needham also reiterated its “Buy” rating with a $52 target, citing the earnings beat and margin recovery. Steven Madden Buy Rating Reaffirmed
• Neutral Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction.
• Neutral Sentiment: Steven Madden declared a quarterly dividend of $0.21 per share, payable September 24 to shareholders of record September 11. The dividend provides modest income support, with an indicated yield of about 1.8%.
• Negative Sentiment: The EPS guidance range has a midpoint of $2.10, slightly below the current analyst consensus of $2.12, which could limit upside if future results do not exceed expectations.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $46.08 on Monday. The company has a 50-day simple moving average of $43.13 and a 200-day simple moving average of $39.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The company has a market cap of $3.37 billion, a PE ratio of 23.16 and a beta of 1.14. Steven Madden, Ltd. has a 12 month low of $23.15 and a 12 month high of $48.76.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $635.39 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities analysts anticipate that Steven Madden, Ltd. will post 2.14 earnings per share for the current year.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden’s dividend payout ratio is currently 42.21%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. BTIG Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Monday, July 27th. Telsey Advisory Group increased their target price on Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Finally, Piper Sandler reissued an “overweight” rating and issued a $50.00 price target on shares of Steven Madden in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.12.

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.