Leeward Investments LLC MA Sells 1,055 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Leeward Investments LLC MA lessened its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.3% during the third quarter, HoldingsChannel reports. The firm owned 311,685 shares of the textile maker’s stock after selling 1,055 shares during the quarter. Leeward Investments LLC MA’s holdings in Steven Madden were worth $15,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SHOO. Blue Trust Inc. lifted its stake in shares of Steven Madden by 9,166.7% in the 2nd quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 825 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Steven Madden in the first quarter valued at about $47,000. Exchange Traded Concepts LLC bought a new stake in shares of Steven Madden during the third quarter worth about $59,000. GAMMA Investing LLC increased its stake in shares of Steven Madden by 80.6% in the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock valued at $65,000 after buying an additional 593 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Steven Madden in the first quarter valued at approximately $81,000. 99.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHOO has been the topic of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and set a $45.00 target price on shares of Steven Madden in a research report on Friday, August 23rd. Wedbush reiterated a “neutral” rating and issued a $41.00 target price on shares of Steven Madden in a report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.14.

Steven Madden Price Performance

Shares of SHOO opened at $44.23 on Thursday. Steven Madden, Ltd. has a one year low of $32.65 and a one year high of $50.01. The company has a market cap of $3.21 billion, a PE ratio of 18.05 and a beta of 1.08. The stock has a 50-day moving average of $46.40 and a 200-day moving average of $44.12.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.84 annualized dividend and a yield of 1.90%. Steven Madden’s payout ratio is currently 34.29%.

Steven Madden Company 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.