16,845 Shares in Steven Madden, Ltd. (NASDAQ:SHOO) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,845 shares of the textile maker’s stock, valued at approximately $716,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vest Financial LLC lifted its holdings in shares of Steven Madden by 79.3% during the 4th quarter. Vest Financial LLC now owns 56,423 shares of the textile maker’s stock valued at $2,399,000 after buying an additional 24,953 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Steven Madden in the fourth quarter valued at approximately $1,193,000. R Squared Ltd bought a new stake in Steven Madden in the fourth quarter worth approximately $55,000. Pacer Advisors Inc. acquired a new position in shares of Steven Madden during the 4th quarter worth $72,795,000. Finally, KBC Group NV increased its stake in shares of Steven Madden by 36.5% during the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock worth $128,000 after purchasing an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 1.4 %

SHOO opened at $38.24 on Wednesday. The stock’s 50 day moving average price is $41.65 and its two-hundred day moving average price is $44.00. The firm has a market capitalization of $2.76 billion, a P/E ratio of 16.27 and a beta of 1.07. Steven Madden, Ltd. has a 12-month low of $36.40 and a 12-month high of $50.01.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

Analyst Ratings Changes

SHOO has been the subject of a number of recent research reports. Piper Sandler decreased their price objective on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, February 6th. Citigroup reduced their target price on Steven Madden from $45.00 to $38.00 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 $50.00 to $44.00 and set a “market perform” rating on the stock in a report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.