Leeward Investments LLC MA Sells 10,724 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Leeward Investments LLC MA lessened its holdings in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,366 shares of the textile maker's stock after selling 10,724 shares during the quarter. Leeward Investments LLC MA owned 0.38% of Steven Madden worth $7,442,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. CX Institutional acquired a new stake in shares of Steven Madden during the 1st quarter valued at $32,000. Quarry LP boosted its holdings in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after acquiring an additional 1,110 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Steven Madden by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after acquiring an additional 741 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Steven Madden during the 4th quarter valued at $177,000. Finally, Mariner LLC boosted its holdings in shares of Steven Madden by 7.2% during the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock valued at $202,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Trading Down 0.2%

NASDAQ:SHOO traded down $0.05 during trading hours on Friday, hitting $25.99. 628,656 shares of the company were exchanged, compared to its average volume of 1,124,406. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 11.20 and a beta of 1.10. Steven Madden, Ltd. has a one year low of $19.05 and a one year high of $50.01. The company has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $30.04.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.14. The business had revenue of $551.38 million during the quarter, compared to analyst estimates of $557.81 million. Steven Madden had a return on equity of 21.63% and a net margin of 7.26%. Steven Madden's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Equities research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, June 9th. Steven Madden's dividend payout ratio (DPR) is presently 36.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SHOO shares. Piper Sandler cut their price objective on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup cut their price objective on Steven Madden from $35.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. UBS Group raised their price objective on Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Steven Madden in a report on Wednesday, June 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a report on Friday, May 2nd. Nine research analysts have rated the stock with a hold rating, According to MarketBeat, Steven Madden has an average rating of "Hold" and an average price target of $28.50.

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.