Vest Financial LLC Lowers Stock Holdings in Steven Madden, Ltd. $SHOO

Vest Financial LLC trimmed its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,340 shares of the textile maker’s stock after selling 12,416 shares during the period. Vest Financial LLC owned approximately 0.09% of Steven Madden worth $2,221,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Steven Madden by 6.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,886 shares of the textile maker’s stock worth $528,000 after purchasing an additional 898 shares during the period. Amalgamated Bank grew its position in 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 buying an additional 440 shares during the period. Nisa Investment Advisors LLC increased its holdings in Steven Madden by 172.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,523 shares of the textile maker’s stock valued at $185,000 after buying an additional 3,494 shares in the last quarter. CX Institutional increased its holdings in Steven Madden by 912.7% in the third quarter. CX Institutional now owns 324,218 shares of the textile maker’s stock valued at $10,855,000 after buying an additional 292,204 shares in the last quarter. Finally, First National Bank Sioux Falls acquired a new stake in shares of Steven Madden during the 3rd quarter valued at approximately $271,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Up 0.1%

Shares of NASDAQ SHOO opened at $45.26 on Friday. The stock has a fifty day moving average price of $42.84 and a 200 day moving average price of $34.82. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Steven Madden, Ltd. has a 12-month low of $19.05 and a 12-month high of $46.55. The company has a market cap of $3.29 billion, a P/E ratio of 57.29 and a beta of 1.11.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Research analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is presently 106.33%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHOO. BTIG Research restated a “buy” rating and issued a $50.00 price target (up previously from $43.00) on shares of Steven Madden in a research report on Thursday, December 4th. Piper Sandler raised their price objective on shares of Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Wall Street Zen upgraded Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Wednesday, October 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.57.

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.