Yousif Capital Management LLC Has $1.16 Million Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Yousif Capital Management LLC reduced its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,373 shares of the textile maker’s stock after selling 627 shares during the period. Yousif Capital Management LLC’s holdings in Steven Madden were worth $1,164,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Steven Madden during the 3rd quarter valued at about $59,000. Creative Planning grew its holdings in shares of Steven Madden by 25.2% during the 3rd quarter. Creative Planning now owns 13,507 shares of the textile maker’s stock valued at $662,000 after acquiring an additional 2,716 shares in the last quarter. nVerses Capital LLC increased its stake in shares of Steven Madden by 29.7% in the third quarter. nVerses Capital LLC now owns 4,800 shares of the textile maker’s stock worth $235,000 after acquiring an additional 1,100 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Steven Madden by 94.1% during the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after acquiring an additional 785 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Steven Madden by 3.6% during the third quarter. Raymond James & Associates now owns 114,484 shares of the textile maker’s stock worth $5,609,000 after acquiring an additional 3,962 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Stock Performance

NASDAQ SHOO opened at $39.67 on Friday. The firm has a 50-day simple moving average of $41.39 and a 200 day simple moving average of $43.92. Steven Madden, Ltd. has a twelve month low of $36.40 and a twelve month high of $50.01. The stock has a market cap of $2.86 billion, a PE ratio of 16.88 and a beta of 1.07.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.12%. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SHOO shares. Citigroup cut their price target on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Telsey Advisory Group reduced their target price on Steven Madden from $50.00 to $44.00 and set a “market perform” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research note on Thursday. Finally, Piper Sandler decreased their target price on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.33.

About Steven Madden

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.