Steven Madden, Ltd. (NASDAQ:SHOO) Stock Position Decreased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,351 shares of the textile maker’s stock after selling 22,011 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Steven Madden were worth $1,333,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Steven Madden by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker’s stock worth $344,299,000 after acquiring an additional 54,877 shares in the last quarter. State Street Corp boosted its holdings in Steven Madden by 1.7% in the third quarter. State Street Corp now owns 2,756,075 shares of the textile maker’s stock worth $135,020,000 after purchasing an additional 47,017 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Steven Madden during the fourth quarter worth $72,795,000. Geode Capital Management LLC increased its position in Steven Madden by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock worth $83,812,000 after buying an additional 49,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Steven Madden by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker’s stock valued at $47,736,000 after buying an additional 25,903 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHOO. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Loop Capital lowered their price objective on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group cut their target price on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Citigroup decreased their price target on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.33.

Steven Madden Stock Up 1.9 %

NASDAQ SHOO opened at $24.10 on Friday. Steven Madden, Ltd. has a twelve month low of $22.24 and a twelve month high of $50.01. The stock has a market cap of $1.74 billion, a P/E ratio of 10.26 and a beta of 1.06. The company’s 50-day simple moving average is $32.66 and its 200 day simple moving average is $40.49.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. Research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.21 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.49%. Steven Madden’s dividend payout ratio is presently 35.74%.

About Steven Madden

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.