Steven Madden, Ltd. $SHOO Stock: Leeward Investments LLC MA Reduces Position

Leeward Investments LLC MA lowered its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 272,053 shares of the textile maker’s stock after selling 16,317 shares during the period. Leeward Investments LLC MA owned about 0.37% of Steven Madden worth $12,180,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in Steven Madden in the second quarter valued at about $32,000. Signature Resources Capital Management LLC purchased a new position in Steven Madden in the first quarter worth about $49,000. Reyes Financial Architecture Inc. purchased a new position in Steven Madden in the third quarter worth about $86,000. Public Employees Retirement System of Ohio bought a new stake in shares of Steven Madden during the 2nd quarter valued at about $95,000. Finally, Nykredit A S bought a new stake in shares of Steven Madden during the 2nd quarter valued at about $128,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $43.21 on Monday. Steven Madden, Ltd. has a one year low of $31.33 and a one year high of $49.70. The stock’s fifty day moving average is $44.25 and its 200 day moving average is $42.88. The stock 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.

Steven Madden (NASDAQ:SHOO) last released its 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. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The company had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. During the same period in the previous year, the business earned $0.20 earnings per share. Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts anticipate that Steven Madden, Ltd. will post 2.15 earnings per share for the current year.

Steven Madden Dividend Announcement

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

Insider Activity

In related news, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the transaction, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mitchell Klipper sold 3,918 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total value of $190,179.72. Following the transaction, the director owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHOO shares. Wall Street Zen raised shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Weiss Ratings raised shares of Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Telsey Advisory Group raised their price objective on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Capital One Financial set a $60.00 target price on shares of Steven Madden in a research report on Tuesday, September 8th. Finally, Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.80.

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.