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

Leeward Investments LLC MA decreased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,685 shares of the textile maker’s stock after selling 1,055 shares during the period. Leeward Investments LLC MA owned 0.43% of Steven Madden worth $15,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in shares of Steven Madden during the 1st quarter valued at $47,000. Central Pacific Bank Trust Division bought a new position in Steven Madden during the 1st quarter worth approximately $170,000. Texas Permanent School Fund Corp increased its stake in Steven Madden by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 61,378 shares of the textile maker’s stock valued at $2,595,000 after purchasing an additional 794 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Steven Madden in the first quarter worth $1,968,000. Finally, SG Americas Securities LLC boosted its position in shares of Steven Madden by 225.8% during the first quarter. SG Americas Securities LLC now owns 13,075 shares of the textile maker’s stock worth $553,000 after purchasing an additional 9,062 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHOO. Wedbush reiterated a “neutral” rating and issued a $41.00 price target on shares of Steven Madden in a report on Wednesday, August 7th. StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Piper Sandler reissued a “neutral” rating and issued a $45.00 price objective on shares of Steven Madden in a research report on Friday, August 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.14.

Steven Madden Trading Down 2.6 %

Shares of SHOO opened at $44.23 on Thursday. The stock has a market capitalization of $3.21 billion, a PE ratio of 18.05 and a beta of 1.08. The firm’s 50 day moving average is $46.40 and its 200-day moving average is $44.12. Steven Madden, Ltd. has a 12 month low of $32.65 and a 12 month high of $50.01.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.21 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.84 annualized dividend and a yield of 1.90%. Steven Madden’s dividend payout ratio is presently 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.