Alpha Paradigm Partners LLC Increases Stock Holdings in Steven Madden, Ltd. (NASDAQ:SHOO)

Alpha Paradigm Partners LLC boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 296.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,552 shares of the textile maker’s stock after purchasing an additional 4,150 shares during the period. Alpha Paradigm Partners LLC’s holdings in Steven Madden were worth $243,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Steven Madden by 0.7% in the second quarter. Vanguard Group Inc. now owns 8,096,571 shares of the textile maker’s stock worth $354,306,000 after purchasing an additional 57,392 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its position in Steven Madden by 6.8% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 2,067,126 shares of the textile maker’s stock worth $77,021,000 after purchasing an additional 130,809 shares during the last quarter. Janus Henderson Group PLC boosted its position in Steven Madden by 0.3% in the first quarter. Janus Henderson Group PLC now owns 1,928,063 shares of the textile maker’s stock worth $71,840,000 after purchasing an additional 5,320 shares during the last quarter. Scopus Asset Management L.P. boosted its position in Steven Madden by 120.0% in the first quarter. Scopus Asset Management L.P. now owns 1,650,000 shares of the textile maker’s stock worth $61,479,000 after purchasing an additional 900,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Steven Madden by 7.1% in the first quarter. Geode Capital Management LLC now owns 1,359,799 shares of the textile maker’s stock worth $50,666,000 after purchasing an additional 90,386 shares during the last quarter. 93.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of SHOO opened at $42.31 on Thursday. The business’s 50 day moving average is $40.86 and its 200 day moving average is $41.18. The company has a market capitalization of $3.47 billion, a PE ratio of 47.01, a price-to-earnings-growth ratio of 1.27 and a beta of 1.32. Steven Madden, Ltd. has a 12-month low of $20.53 and a 12-month high of $45.87. The company has a current ratio of 2.66, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, July 28th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.17. Steven Madden had a return on equity of 15.30% and a net margin of 5.05%. The business had revenue of $397.89 million for the quarter, compared to the consensus estimate of $369.04 million. Equities research analysts predict that Steven Madden, Ltd. will post 2.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 27th. Shareholders of record on Friday, September 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, September 16th. Steven Madden’s payout ratio is 93.75%.

A number of research analysts have recently weighed in on the company. BTIG Research lifted their price objective on Steven Madden from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, September 17th. Jefferies Financial Group raised Steven Madden to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, September 28th. B. Riley lifted their price objective on Steven Madden from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Piper Sandler lifted their price objective on Steven Madden from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, July 29th. Finally, TheStreet raised Steven Madden from a “c” rating to a “b-” rating in a research report on Wednesday, July 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $45.60.

Steven Madden Profile

Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories and Apparel, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women’s, men’s, girl’s and children’s footwear.

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Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

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