Aristides Capital LLC Makes New Investment in Steven Madden, Ltd. (NASDAQ:SHOO)

Aristides Capital LLC bought a new position in Steven Madden, Ltd. (NASDAQ:SHOO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,163 shares of the textile maker’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Steven Madden by 9,166.7% in the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock worth $35,000 after acquiring an additional 825 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Steven Madden in the 1st quarter valued at $47,000. EntryPoint Capital LLC bought a new position in shares of Steven Madden in the 1st quarter worth $81,000. nVerses Capital LLC lifted its stake in shares of Steven Madden by 3,600.0% during the 2nd quarter. nVerses Capital LLC now owns 3,700 shares of the textile maker’s stock worth $157,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in Steven Madden in the first quarter valued at about $170,000. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 0.6 %

Shares of NASDAQ SHOO opened at $48.99 on Tuesday. Steven Madden, Ltd. has a 52 week low of $31.01 and a 52 week high of $49.29. The firm has a market cap of $3.59 billion, a P/E ratio of 20.24 and a beta of 1.08. The business’s 50 day moving average price is $44.69 and its 200 day moving average price is $42.97.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $523.60 million for the quarter, compared to analyst estimates of $515.15 million. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, research analysts expect that Steven Madden, Ltd. will post 2.62 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a $0.21 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.84 annualized dividend and a yield of 1.71%. Steven Madden’s dividend payout ratio is presently 34.71%.

Analyst Ratings Changes

Several research analysts recently commented on SHOO shares. Piper Sandler reiterated a “neutral” rating and set a $45.00 price objective on shares of Steven Madden in a research note on Friday, August 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $44.00 price objective on shares of Steven Madden in a report on Wednesday, July 31st. StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Wedbush reiterated a “neutral” rating and issued a $41.00 price target on shares of Steven Madden in a research note on Wednesday, August 7th. Finally, BTIG Research boosted their price target on Steven Madden from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.29.

Steven Madden Company 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.