First Eagle Investment Management LLC Increases Position in Steven Madden, Ltd. $SHOO

First Eagle Investment Management LLC increased its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,892 shares of the textile maker’s stock after buying an additional 9,895 shares during the period. First Eagle Investment Management LLC owned about 0.22% of Steven Madden worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd lifted its position in shares of Steven Madden by 22.9% during the 1st quarter. Covestor Ltd now owns 4,906 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 915 shares during the period. HighTower Advisors LLC raised its holdings in Steven Madden by 17.5% during the first quarter. HighTower Advisors LLC now owns 7,567 shares of the textile maker’s stock worth $202,000 after purchasing an additional 1,128 shares during the last quarter. Bank of Montreal Can raised its holdings in Steven Madden by 9.7% during the second quarter. Bank of Montreal Can now owns 14,175 shares of the textile maker’s stock worth $340,000 after purchasing an additional 1,257 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Steven Madden by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in Steven Madden by 8.6% in the first quarter. Vident Advisory LLC now owns 18,748 shares of the textile maker’s stock valued at $499,000 after purchasing an additional 1,481 shares during the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHOO has been the subject of several research reports. Telsey Advisory Group set a $45.00 price target on Steven Madden and gave the stock an “outperform” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Wednesday, July 30th. BTIG Research upped their price target on shares of Steven Madden from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup reiterated a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Finally, Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

Steven Madden Stock Down 0.4%

SHOO stock opened at $38.21 on Friday. The company has a 50 day moving average price of $33.36 and a two-hundred day moving average price of $27.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 2.01. The stock has a market capitalization of $2.78 billion, a P/E ratio of 30.09 and a beta of 1.31. Steven Madden, Ltd. has a one year low of $19.05 and a one year high of $46.76.

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 the consensus estimate of $0.44 by ($0.01). The business 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 last year, the business earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, sell-side analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. Steven Madden’s dividend payout ratio is currently 106.33%.

About Steven Madden

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.