Leeward Investments LLC MA Sells 21,595 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Leeward Investments LLC MA lessened its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOOFree Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,090 shares of the textile maker’s stock after selling 21,595 shares during the period. Leeward Investments LLC MA owned 0.40% of Steven Madden worth $12,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Steven Madden during the 3rd quarter valued at about $36,000. R Squared Ltd bought a new position in shares of Steven Madden during the 4th quarter valued at about $55,000. Blue Trust Inc. boosted its holdings in shares of Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 785 shares during the last quarter. International Assets Investment Management LLC boosted its holdings 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 valued at $94,000 after purchasing an additional 1,872 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Steven Madden stock opened at $38.23 on Friday. Steven Madden, Ltd. has a 1-year low of $36.40 and a 1-year high of $50.01. The firm has a market capitalization of $2.76 billion, a P/E ratio of 16.27 and a beta of 1.07. The company’s 50-day moving average is $40.83 and its 200 day moving average is $43.75.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s dividend payout ratio (DPR) is currently 35.74%.

Wall Street Analyst Weigh In

Several research firms have commented on SHOO. Jefferies Financial Group reissued a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $44.00 price target on shares of Steven Madden in a report on Friday, February 14th. Citigroup lowered their price target on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Piper Sandler lowered their price target on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Steven Madden currently has a consensus rating of “Hold” and an average price target of $43.20.

Read Our Latest Research Report on Steven Madden

Steven Madden Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SHOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steven Madden, Ltd. (NASDAQ:SHOOFree Report).

Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

Receive News & Ratings for Steven Madden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steven Madden and related companies with MarketBeat.com's FREE daily email newsletter.