Semanteon Capital Management LP Acquires Shares of 34,236 Steven Madden, Ltd. (NASDAQ:SHOO)

Semanteon Capital Management LP bought a new position in Steven Madden, Ltd. (NASDAQ:SHOO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,236 shares of the textile maker’s stock, valued at approximately $1,456,000. Steven Madden accounts for approximately 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 19th biggest position.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Steven Madden in the 4th quarter worth approximately $55,000. Blue Trust Inc. lifted its holdings in shares of Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock valued at $83,000 after purchasing an additional 339 shares in the last quarter. KBC Group NV boosted its position in shares of 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 buying an additional 561 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after buying an additional 741 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Steven Madden by 7.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker’s stock valued at $179,000 after buying an additional 290 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SHOO. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. Piper Sandler cut their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Telsey Advisory Group lowered their price target on Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.33.

Steven Madden Stock Up 1.9 %

Shares of SHOO stock opened at $26.00 on Friday. Steven Madden, Ltd. has a 12 month low of $24.97 and a 12 month high of $50.01. The firm has a market cap of $1.88 billion, a PE ratio of 11.06 and a beta of 1.06. The stock has a 50 day moving average of $35.91 and a 200-day moving average of $41.85.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $582.32 million during the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, equities analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden’s dividend payout ratio (DPR) is presently 35.74%.

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.