Lisanti Capital Growth LLC Invests $2.19 Million in Steven Madden, Ltd. $SHOO

Lisanti Capital Growth LLC acquired a new stake in Steven Madden, Ltd. (NASDAQ:SHOO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 52,480 shares of the textile maker’s stock, valued at approximately $2,185,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Steven Madden by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after purchasing an additional 200,013 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Steven Madden by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after buying an additional 528,829 shares in the last quarter. Capital Research Global Investors raised its position in shares of Steven Madden by 14.0% in the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock valued at $91,077,000 after buying an additional 334,058 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Steven Madden by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock valued at $82,046,000 after buying an additional 41,947 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after buying an additional 814,318 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the transaction, the director directly owned 8,057 shares in the company, valued at $322,038.29. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.21% of the stock is owned by corporate insiders.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $41.93 on Friday. The company has a market cap of $3.06 billion, a P/E ratio of 39.93 and a beta of 1.12. The firm’s 50 day moving average is $36.73 and its two-hundred day moving average is $39.33. Steven Madden, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.88. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Analysts expect that Steven Madden, Ltd. will post 2.09 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHOO shares. Wall Street Zen lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Saturday. Telsey Advisory Group reissued an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, February 26th. UBS Group reaffirmed a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Needham & Company LLC upped their target price on Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and an average price target of $43.88.

Steven Madden Profile

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.