Harbor Capital Advisors Inc. Acquires 2,266 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Harbor Capital Advisors Inc. raised its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 124,271 shares of the textile maker’s stock after purchasing an additional 2,266 shares during the period. Harbor Capital Advisors Inc.’s holdings in Steven Madden were worth $5,284,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in Steven Madden during the third quarter valued at approximately $36,000. Exchange Traded Concepts LLC bought a new stake in Steven Madden during the 3rd quarter valued at $59,000. GAMMA Investing LLC increased its holdings in shares of Steven Madden by 80.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock valued at $65,000 after acquiring an additional 593 shares during the period. Blue Trust Inc. raised its position in shares of Steven Madden by 94.1% in the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after acquiring an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Steven Madden by 4,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock worth $94,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Analyst Ratings Changes

SHOO has been the topic of several analyst reports. Citigroup lifted their target price on Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Wednesday, November 13th. StockNews.com raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.33.

Steven Madden Trading Down 0.7 %

NASDAQ:SHOO opened at $40.92 on Friday. Steven Madden, Ltd. has a twelve month low of $37.99 and a twelve month high of $50.01. The company has a market cap of $2.95 billion, a PE ratio of 17.41 and a beta of 1.08. The company’s 50 day moving average is $43.58 and its two-hundred day moving average is $44.48.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $624.68 million for the quarter, compared to analyst estimates of $607.89 million. During the same period in the previous year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, December 13th. Steven Madden’s payout ratio is 35.74%.

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.