Natixis Advisors LLC Has $2 Million Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

Natixis Advisors LLC raised its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,735 shares of the textile maker’s stock after buying an additional 1,155 shares during the period. Natixis Advisors LLC owned 0.06% of Steven Madden worth $1,996,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in Steven Madden by 34.1% in the third quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock worth $108,000 after purchasing an additional 561 shares in the last quarter. Covestor Ltd raised its holdings in shares of Steven Madden by 37.1% in the third quarter. Covestor Ltd now owns 4,000 shares of the textile maker’s stock valued at $196,000 after buying an additional 1,083 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Steven Madden by 149.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 122,005 shares of the textile maker’s stock worth $5,977,000 after buying an additional 73,165 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Steven Madden by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 79,020 shares of the textile maker’s stock worth $3,871,000 after acquiring an additional 668 shares during the last quarter. Finally, abrdn plc increased its position in Steven Madden by 2.7% in the 3rd quarter. abrdn plc now owns 558,015 shares of the textile maker’s stock valued at $27,242,000 after acquiring an additional 14,841 shares in the last quarter. 99.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHOO has been the topic of a number of research reports. Needham & Company LLC initiated coverage on shares of Steven Madden in a research report on Friday. They set a “hold” rating on the stock. Wedbush reiterated a “neutral” rating and issued a $41.00 price objective on shares of Steven Madden in a research report on Wednesday, August 7th. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup upped their price target on Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $50.00 price target on shares of Steven Madden in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.43.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $45.41 on Tuesday. The firm has a 50 day moving average price of $46.28 and a 200 day moving average price of $44.47. The stock has a market cap of $3.28 billion, a P/E ratio of 19.32 and a beta of 1.08. Steven Madden, Ltd. has a 52-week low of $36.56 and a 52-week high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $624.68 million for the quarter, compared to the consensus estimate of $607.89 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. Analysts predict that Steven Madden, Ltd. will post 2.65 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 1.85%. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

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.