Teacher Retirement System of Texas Sells 135,252 Shares of Steven Madden, Ltd. $SHOO

Teacher Retirement System of Texas decreased its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 75.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,712 shares of the textile maker’s stock after selling 135,252 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Steven Madden worth $1,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SHOO. Nuveen LLC bought a new position in shares of Steven Madden during the first quarter worth approximately $23,334,000. Millennium Management LLC increased its stake in Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after acquiring an additional 568,477 shares during the period. Federated Hermes Inc. increased its stake in Steven Madden by 270,516.2% during the 1st quarter. Federated Hermes Inc. now owns 533,114 shares of the textile maker’s stock worth $14,202,000 after acquiring an additional 532,917 shares during the period. Victory Capital Management Inc. raised its holdings in Steven Madden by 46.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,212,373 shares of the textile maker’s stock valued at $32,298,000 after acquiring an additional 384,979 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Steven Madden by 243.7% during the 1st quarter. Citigroup Inc. now owns 356,257 shares of the textile maker’s stock valued at $9,491,000 after acquiring an additional 252,592 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Trading Up 2.8%

SHOO opened at $38.38 on Friday. The company’s 50 day moving average is $33.18 and its 200-day moving average is $27.75. Steven Madden, Ltd. has a 1-year low of $19.05 and a 1-year high of $46.76. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.79 billion, a P/E ratio of 30.22 and a beta of 1.31.

Steven Madden (NASDAQ:SHOO) last released 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 company had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.Steven Madden’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Equities research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. Steven Madden’s dividend payout ratio (DPR) is 66.14%.

Analysts Set New Price Targets

SHOO has been the topic of a number of recent analyst reports. Telsey Advisory Group set a $45.00 price target on Steven Madden and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler increased 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. UBS Group raised their target price on shares of Steven Madden from $26.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup reaffirmed a “buy” rating and set a $41.00 price target (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Finally, BTIG Research lifted their price objective on shares of Steven Madden from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

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.