Landscape Capital Management L.L.C. Sells 22,011 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Landscape Capital Management L.L.C. trimmed its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,351 shares of the textile maker's stock after selling 22,011 shares during the period. Landscape Capital Management L.L.C.'s holdings in Steven Madden were worth $1,333,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Steven Madden in the 4th quarter valued at about $55,000. Blue Trust Inc. increased its stake in Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after buying an additional 339 shares during the period. KBC Group NV increased its stake in Steven Madden by 36.5% in the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock valued at $128,000 after buying an additional 805 shares during the period. Smartleaf Asset Management LLC lifted its position in Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock worth $176,000 after buying an additional 741 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Steven Madden during the 4th quarter valued at $177,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SHOO shares. Loop Capital cut their price objective on Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Telsey Advisory Group cut their price objective on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Finally, Piper Sandler decreased their target price on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.33.

Steven Madden Stock Performance

Shares of Steven Madden stock traded down $1.31 on Thursday, reaching $20.83. The stock had a trading volume of 811,248 shares, compared to its average volume of 869,688. The business's 50-day moving average price is $30.65 and its two-hundred day moving average price is $39.58. The stock has a market cap of $1.51 billion, a P/E ratio of 8.91 and a beta of 0.98. Steven Madden, Ltd. has a fifty-two week low of $19.05 and a fifty-two week high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, equities analysts forecast that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued 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 dividend yield of 4.03%. Steven Madden's dividend payout ratio (DPR) is presently 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.