Natixis Advisors L.P. Has $643,000 Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Posted by Defense World Staff on Sep 7th, 2023

Natixis Advisors L.P. grew its position in Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) by 22.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,874 shares of the textile maker’s stock after purchasing an additional 3,293 shares during the quarter. Natixis Advisors L.P.’s holdings in Steven Madden were worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP grew its position in shares of Steven Madden by 14.6% in the first quarter. Gladius Capital Management LP now owns 2,471 shares of the textile maker’s stock valued at $89,000 after purchasing an additional 314 shares during the last quarter. Bank of Montreal Can grew its position in shares of Steven Madden by 1.9% in the first quarter. Bank of Montreal Can now owns 22,683 shares of the textile maker’s stock valued at $912,000 after purchasing an additional 414 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of Steven Madden by 33.3% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,055 shares of the textile maker’s stock valued at $74,000 after purchasing an additional 513 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Steven Madden by 1.0% in the first quarter. BNP Paribas Arbitrage SA now owns 52,702 shares of the textile maker’s stock valued at $2,036,000 after purchasing an additional 538 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Steven Madden by 2.7% during the fourth quarter. Arizona State Retirement System now owns 21,177 shares of the textile maker’s stock worth $677,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Stock Up 0.1 %

Steven Madden stock opened at $33.87 on Thursday. Steven Madden, Ltd. has a 12-month low of $26.36 and a 12-month high of $37.85. The business’s 50-day moving average price is $33.77 and its two-hundred day moving average price is $33.92. The stock has a market cap of $2.55 billion, a PE ratio of 15.75 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO – Get Free Report) last released its earnings results on Wednesday, August 2nd. The textile maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Steven Madden had a net margin of 8.50% and a return on equity of 19.87%. The business had revenue of $442.84 million during the quarter, compared to the consensus estimate of $454.24 million. As a group, analysts expect that Steven Madden, Ltd. will post 2.47 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, September 14th. Steven Madden’s payout ratio is 39.07%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHOO. Citigroup increased their target price on Steven Madden from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $39.00 price target on shares of Steven Madden in a research report on Thursday, August 3rd. UBS Group raised their price target on Steven Madden from $35.00 to $37.00 in a research report on Thursday, August 3rd. Finally, StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.60.

Get Our Latest Research Report on Steven Madden

Insider Activity

In other news, insider Karla Frieders sold 5,000 shares of Steven Madden stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $34.15, for a total transaction of $170,750.00. Following the sale, the insider now directly owns 120,542 shares of the company’s stock, valued at $4,116,509.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Peter Migliorini sold 3,989 shares of Steven Madden stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $34.54, for a total value of $137,780.06. Following the transaction, the director now directly owns 16,100 shares of the company’s stock, valued at $556,094. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Karla Frieders sold 5,000 shares of Steven Madden stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $34.15, for a total value of $170,750.00. Following the completion of the transaction, the insider now directly owns 120,542 shares in the company, valued at $4,116,509.30. The disclosure for this sale can be found here. Insiders own 2.01% of the company’s stock.

Steven Madden Company Profile

(Free Report)

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, First Cost, and Licensing segments.