KBC Group NV Buys 805 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

KBC Group NV increased its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 36.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,013 shares of the textile maker’s stock after purchasing an additional 805 shares during the quarter. KBC Group NV’s holdings in Steven Madden were worth $128,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHOO. FMR LLC boosted its position in shares of Steven Madden by 8,180.4% in the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after purchasing an additional 528,619 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Steven Madden by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock worth $83,812,000 after acquiring an additional 49,075 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Steven Madden during the third quarter worth about $2,614,000. Systematic Financial Management LP raised its holdings in shares of Steven Madden by 15.9% in the third quarter. Systematic Financial Management LP now owns 439,126 shares of the textile maker’s stock worth $21,513,000 after buying an additional 60,276 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Steven Madden by 5.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,096 shares of the textile maker’s stock valued at $22,638,000 after purchasing an additional 21,942 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Down 1.1 %

SHOO opened at $37.19 on Friday. The firm’s fifty day simple moving average is $41.98 and its two-hundred day simple moving average is $44.07. Steven Madden, Ltd. has a 52-week low of $36.88 and a 52-week high of $50.01. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 15.83 and a beta of 1.07.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $624.68 million for the quarter, compared to analyst estimates of $607.89 million. During the same period last year, the company posted $0.88 EPS. Steven Madden’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. Steven Madden’s dividend payout ratio (DPR) is presently 35.74%.

Analysts Set New Price Targets

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