New York State Teachers Retirement System Has $3.39 Million Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

New York State Teachers Retirement System increased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 79,672 shares of the textile maker’s stock after purchasing an additional 652 shares during the period. New York State Teachers Retirement System owned about 0.11% of Steven Madden worth $3,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHOO. Gladius Capital Management LP acquired a new position in Steven Madden in the 3rd quarter worth approximately $36,000. R Squared Ltd acquired a new stake in shares of Steven Madden during the 4th quarter valued at $55,000. Blue Trust Inc. boosted its stake in shares of Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock valued at $79,000 after buying an additional 785 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Steven Madden by 4,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock valued at $94,000 after buying an additional 1,872 shares during the period. Finally, KBC Group NV boosted its stake in shares of Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock valued at $108,000 after buying an additional 561 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Trading Down 1.2 %

SHOO stock opened at $38.23 on Friday. Steven Madden, Ltd. has a 1 year low of $36.40 and a 1 year high of $50.01. The company has a fifty day simple moving average of $40.83 and a 200 day simple moving average of $43.74. The firm has a market cap of $2.76 billion, a PE ratio of 16.27 and a beta of 1.07.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, December 13th. Steven Madden’s payout ratio is presently 35.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHOO shares. Piper Sandler decreased their target price on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup decreased their target price on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Telsey Advisory Group reissued a “market perform” rating and set a $44.00 target price on shares of Steven Madden in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.20.

Steven Madden 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.