Steven Madden, Ltd. $SHOO Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC raised its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 57.4% during the third quarter, Holdings Channel reports. The institutional investor owned 63,517 shares of the textile maker’s stock after buying an additional 23,173 shares during the period. Tectonic Advisors LLC’s holdings in Steven Madden were worth $2,844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Steven Madden by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock worth $79,819,000 after acquiring an additional 99,066 shares in the last quarter. Neumeier Poma Investment Counsel LLC purchased a new position in shares of Steven Madden in the 2nd quarter valued at about $49,890,563. Bank of America Corp DE raised its position in shares of Steven Madden by 4.9% during the 1st quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock worth $25,495,000 after acquiring an additional 35,259 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Steven Madden by 58.7% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 708,053 shares of the textile maker’s stock worth $24,017,000 after acquiring an additional 262,000 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Steven Madden during the second quarter worth approximately $25,618,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Steven Madden news, Director Arian Reed sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the sale, the director owned 8,196 shares in the company, valued at approximately $399,636.96. The trade was a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Al Ferrara sold 3,918 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director directly owned 26,197 shares of the company’s stock, valued at $1,264,267.22. The trade was a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 over the last quarter. Company insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHOO. Williams Trading set a $56.00 price target on Steven Madden in a report on Monday, August 3rd. Wall Street Zen raised shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. BMO Capital Markets started coverage on shares of Steven Madden in a report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings upgraded shares of Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Citigroup restated a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Steven Madden currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Steven Madden Stock Performance

Shares of SHOO stock traded down $1.21 during mid-day trading on Friday, hitting $43.21. 1,298,936 shares of the stock were exchanged, compared to its average volume of 1,028,164. The stock’s fifty day simple moving average is $44.25 and its two-hundred day simple moving average is $42.83. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 21.71 and a beta of 1.17. Steven Madden, Ltd. has a 12-month low of $31.33 and a 12-month 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.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The business had revenue of $665.87 million for the quarter, compared to analysts’ expectations of $635.39 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s 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, analysts forecast that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, September 11th. Steven Madden’s dividend payout ratio (DPR) is currently 42.21%.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.