30,000 Shares in Steven Madden, Ltd. $SHOO Bought by Fund 1 Investments LLC

by · The Markets Daily

Fund 1 Investments LLC acquired a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,000 shares of the textile maker’s stock, valued at approximately $719,000.

A number of other hedge funds have also recently bought and sold shares of SHOO. Creative Planning grew its stake in shares of Steven Madden by 463.4% in the 2nd quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock worth $2,138,000 after acquiring an additional 73,331 shares in the last quarter. American Century Companies Inc. boosted its holdings in Steven Madden by 74.0% during the first quarter. American Century Companies Inc. now owns 130,079 shares of the textile maker’s stock worth $3,465,000 after purchasing an additional 55,300 shares during the last quarter. State of Alaska Department of Revenue grew its position in Steven Madden by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock worth $1,036,000 after purchasing an additional 3,247 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Steven Madden by 15.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,679,538 shares of the textile maker’s stock valued at $42,324,000 after buying an additional 224,157 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Steven Madden in the 2nd quarter valued at about $389,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $43.61 on Friday. The company has a market capitalization of $3.17 billion, a P/E ratio of 55.20 and a beta of 1.13. The business has a fifty day simple moving average of $37.85 and a two-hundred day simple moving average of $30.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. Steven Madden, Ltd. has a 1 year low of $19.05 and a 1 year high of $44.99.

Steven Madden (NASDAQ:SHOO – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup restated a “buy” rating and issued a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Wednesday, October 8th. Piper Sandler upped their price objective on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $45.00 target price on shares of Steven Madden in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Steven Madden presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Read Our Latest Analysis on Steven Madden

Steven Madden Profile

(Free Report)

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.

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