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

Landscape Capital Management L.L.C. decreased its holdings 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 fund 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 SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Steven Madden in the fourth quarter valued at about $55,000. Blue Trust Inc. raised its stake in shares of Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after acquiring an additional 339 shares during the last quarter. KBC Group NV lifted its position in shares of 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 purchasing an additional 805 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Steven Madden by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after purchasing an additional 741 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SHOO. Citigroup decreased their price objective on Steven Madden from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group reissued a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Telsey Advisory Group dropped their price target 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Steven Madden has an average rating of “Hold” and an average target price of $40.33.

Steven Madden Stock Performance

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 firm has a market cap of $1.74 billion, a PE ratio of 10.26 and a beta of 1.06. The firm’s fifty day moving average is $32.66 and its two-hundred day moving average is $40.49.

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

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 annualized dividend and a yield of 3.49%. Steven Madden’s dividend payout ratio (DPR) is currently 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.