William Blair Investment Management LLC Has $32.64 Million Stock Position in Steven Madden, Ltd. (NASDAQ:SHOO)

William Blair Investment Management LLC boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 767,547 shares of the textile maker’s stock after purchasing an additional 18,668 shares during the period. William Blair Investment Management LLC owned about 1.06% of Steven Madden worth $32,636,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SHOO. Pacer Advisors Inc. acquired a new stake in Steven Madden in the 4th quarter valued at about $72,795,000. FMR LLC lifted its stake in Steven Madden by 8,180.4% in the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock valued at $26,214,000 after purchasing an additional 528,619 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Steven Madden in the 4th quarter valued at about $13,652,000. Weiss Asset Management LP acquired a new stake in Steven Madden in the 3rd quarter valued at about $12,558,000. Finally, Barclays PLC lifted its stake in Steven Madden by 286.9% in the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker’s stock valued at $6,819,000 after purchasing an additional 103,226 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Loop Capital cut their price objective on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.33.

Steven Madden Trading Down 1.7 %

Shares of SHOO opened at $25.31 on Wednesday. Steven Madden, Ltd. has a 12 month low of $24.97 and a 12 month high of $50.01. The firm’s 50 day moving average is $36.53 and its 200-day moving average is $42.07. The stock has a market capitalization of $1.83 billion, a PE ratio of 10.77 and a beta of 1.06.

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

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. Steven Madden’s dividend payout ratio (DPR) is 35.74%.

Steven Madden Company 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.