Kennedy Capital Management LLC Sells 391,038 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Kennedy Capital Management LLC cut its position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 85.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,530 shares of the textile maker's stock after selling 391,038 shares during the quarter. Kennedy Capital Management LLC owned 0.09% of Steven Madden worth $2,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHOO. R Squared Ltd acquired a new position in Steven Madden during the fourth quarter valued at approximately $55,000. Blue Trust Inc. grew its position in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after acquiring an additional 339 shares during the last quarter. KBC Group NV raised its stake in Steven Madden by 36.5% during the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after acquiring an additional 805 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Steven Madden by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after acquiring an additional 741 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Steven Madden during the 4th quarter valued at approximately $177,000. Institutional investors own 99.88% of the company's stock.

Steven Madden Stock Performance

Shares of SHOO stock traded up $0.36 on Friday, hitting $19.90. The company had a trading volume of 1,468,158 shares, compared to its average volume of 898,436. Steven Madden, Ltd. has a twelve month low of $19.05 and a twelve month high of $50.01. The firm has a market cap of $1.44 billion, a P/E ratio of 8.47 and a beta of 0.98. The stock's 50-day moving average is $28.22 and its two-hundred day moving average is $38.27.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 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 $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Equities research analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.21 per share. The ex-dividend date was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 4.22%. Steven Madden's dividend payout ratio (DPR) is currently 35.74%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Loop Capital cut their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Citigroup cut their price objective on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Telsey Advisory Group reduced their price target on Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.83.

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.