Janus Henderson Group PLC Sells 169,501 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Janus Henderson Group PLC decreased its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,740 shares of the textile maker’s stock after selling 169,501 shares during the period. Janus Henderson Group PLC owned 0.69% of Steven Madden worth $21,290,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Steven Madden in the 4th quarter valued at about $55,000. Quarry LP grew its holdings in shares of Steven Madden by 403.6% in the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 1,110 shares in the last quarter. Blue Trust Inc. grew its holdings in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after purchasing an additional 339 shares during the period. KBC Group NV grew its holdings in Steven Madden by 36.5% during the fourth 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 period. Finally, Smartleaf Asset Management LLC grew its holdings in Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after purchasing an additional 741 shares during the period. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 1.4%

Shares of SHOO stock opened at $26.54 on Friday. The firm has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $35.00. The company has a market capitalization of $1.93 billion, a PE ratio of 11.29 and a beta of 1.04. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.14. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $551.38 million during the quarter, compared to the consensus estimate of $557.81 million. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.17%. Steven Madden’s payout ratio is 36.21%.

Wall Street Analysts Forecast Growth

SHOO has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $24.00 price target on shares of Steven Madden in a report on Thursday, May 8th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Citigroup reduced their price target on Steven Madden from $35.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. UBS Group lifted their price target on Steven Madden from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Piper Sandler reduced their price target on Steven Madden from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

Steven Madden 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.