Steven Madden, Ltd. $SHOO Stock Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 5.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 272,053 shares of the textile maker’s stock after selling 16,317 shares during the quarter. Leeward Investments LLC MA’s holdings in Steven Madden were worth $12,180,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHOO. Tectonic Advisors LLC increased its stake in Steven Madden by 57.4% in the 3rd quarter. Tectonic Advisors LLC now owns 63,517 shares of the textile maker’s stock worth $2,844,000 after buying an additional 23,173 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of Steven Madden in the third quarter worth about $86,000. Nisa Investment Advisors LLC grew its position in shares of Steven Madden by 58.3% during the third quarter. Nisa Investment Advisors LLC now owns 9,444 shares of the textile maker’s stock worth $423,000 after purchasing an additional 3,477 shares in the last quarter. Abel Hall LLC grew its position in shares of Steven Madden by 9.2% during the third quarter. Abel Hall LLC now owns 6,320 shares of the textile maker’s stock worth $283,000 after purchasing an additional 533 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Steven Madden by 13.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock worth $28,903,000 after purchasing an additional 77,108 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BTIG Research reissued a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a report on Monday, July 27th. Zacks Research lowered Steven Madden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Williams Trading set a $56.00 target price on shares of Steven Madden in a report on Monday, August 3rd. UBS Group reaffirmed a “neutral” rating and issued a $45.00 price target (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Finally, Capital One Financial set a $60.00 price target on Steven Madden in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.80.

Insider Activity at Steven Madden

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director owned 26,197 shares of the company’s stock, valued at $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arian Reed sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total value of $60,950.00. Following the transaction, the director directly owned 8,196 shares in the company, valued at approximately $399,636.96. This represents a 13.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,086 shares of company stock worth $440,212. Insiders own 2.21% of the company’s stock.

Steven Madden Stock Performance

NASDAQ SHOO opened at $43.21 on Monday. The company has a market cap of $3.16 billion, a P/E ratio of 21.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The business’s 50 day moving average price is $44.25 and its 200-day moving average price is $42.88. Steven Madden, Ltd. has a fifty-two week low of $31.33 and a fifty-two week high of $49.70.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The company had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts predict that Steven Madden, Ltd. will post 2.15 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Steven Madden’s payout ratio is currently 42.21%.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.