Steven Madden, Ltd. $SHOO Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 29,828.6% in the third quarter, Holdings Channel reports. The firm owned 33,520 shares of the textile maker’s stock after purchasing an additional 33,408 shares during the period. Fulcrum Asset Management LLP’s holdings in Steven Madden were worth $1,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SHOO. Dimensional Fund Advisors LP lifted its stake in Steven Madden by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock valued at $79,819,000 after purchasing an additional 99,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in Steven Madden during the second quarter worth about $49,890,563. Bank of America Corp DE increased its position in Steven Madden by 4.9% during the first quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock worth $25,495,000 after buying an additional 35,259 shares during the last quarter. Vise Technologies Inc. acquired a new position in Steven Madden during the third quarter worth approximately $29,302,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Steven Madden by 13.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock worth $28,903,000 after buying an additional 77,108 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of NASDAQ SHOO opened at $42.70 on Thursday. The firm has a market cap of $3.13 billion, a P/E ratio of 17.64 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.12. Steven Madden, Ltd. has a 1-year low of $31.33 and a 1-year high of $49.70. The business’s 50 day moving average is $43.68 and its 200-day moving average is $41.34.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Thursday, November 5th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $772.61 million during the quarter, compared to analysts’ expectations of $774.35 million. Steven Madden had a return on equity of 16.19% and a net margin of 6.16%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. Equities research analysts predict that Steven Madden, Ltd. will post 2.20 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 11th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, December 11th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s dividend payout ratio (DPR) is presently 34.71%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SHOO shares. Williams Trading set a $56.00 price objective on Steven Madden in a research report on Monday, August 3rd. BTIG Research reiterated a “buy” rating and set a $55.00 target price on shares of Steven Madden in a research note on Tuesday, October 27th. BMO Capital Markets started coverage on Steven Madden in a report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 target price on the stock. Wall Street Zen upgraded Steven Madden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Finally, Jefferies Financial Group upgraded Steven Madden from an “underperform” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.70.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources and markets footwear, handbags, apparel and other fashion accessories. Its portfolio includes the Steve Madden brand as well as brands such as Dolce Vita and Betsey Johnson. The company sells through wholesale customers and its own retail and e-commerce channels, and also licenses its brands to third parties. Its business serves customers in the United States and international markets. Founded by Steve Madden in 1990, the company is headquartered in Long Island City, New York.