SummerHaven Investment Management LLC Makes New $1.09 Million Investment in Steven Madden, Ltd. $SHOO

SummerHaven Investment Management LLC purchased a new stake in Steven Madden, Ltd. (NASDAQ:SHOO) during the third quarter, according to its most recent filing with the SEC. The firm purchased 32,507 shares of the textile maker’s stock, valued at approximately $1,088,000. Steven Madden accounts for approximately 0.6% of SummerHaven Investment Management LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in shares of Steven Madden by 616.8% during the third quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock worth $72,000 after purchasing an additional 1,838 shares during the period. Strs Ohio lifted its stake in Steven Madden by 993.2% in the third quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock valued at $4,319,000 after buying an additional 117,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Steven Madden by 6.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,886 shares of the textile maker’s stock valued at $528,000 after buying an additional 898 shares during the period. Amalgamated Bank increased its position in shares of Steven Madden by 2.1% during the third quarter. Amalgamated Bank now owns 21,042 shares of the textile maker’s stock worth $704,000 after acquiring an additional 440 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Steven Madden by 172.2% during the third quarter. Nisa Investment Advisors LLC now owns 5,523 shares of the textile maker’s stock worth $185,000 after acquiring an additional 3,494 shares during the period. 99.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHOO has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research note on Thursday, January 22nd. Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Piper Sandler boosted their price target on shares of Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Wednesday, December 17th. Finally, Needham & Company LLC raised Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.57.

Steven Madden Stock Down 3.6%

Steven Madden stock opened at $43.99 on Wednesday. Steven Madden, Ltd. has a fifty-two week low of $19.05 and a fifty-two week high of $46.55. The firm has a market capitalization of $3.20 billion, a PE ratio of 55.68 and a beta of 1.11. The company’s 50-day moving average is $43.30 and its 200-day moving average is $35.36. 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 (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same period last year, the firm earned $0.91 EPS. Steven Madden’s quarterly revenue was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

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

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.