Steven Madden, Ltd. (SHOO) Shares Bought by Landscape Capital Management L.L.C.
Landscape Capital Management L.L.C. boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 46,509 shares of the textile maker’s stock after purchasing an additional 4,887 shares during the period. Landscape Capital Management L.L.C.’s holdings in Steven Madden were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. lifted its stake in Steven Madden by 8.6% in the third quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after purchasing an additional 193,391 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Steven Madden by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock valued at $73,248,000 after purchasing an additional 37,264 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Steven Madden by 2.7% in the fourth quarter. Eagle Asset Management Inc. now owns 1,685,649 shares of the textile maker’s stock valued at $78,404,000 after purchasing an additional 43,794 shares during the last quarter. Boston Partners lifted its stake in Steven Madden by 9.1% in the fourth quarter. Boston Partners now owns 1,222,193 shares of the textile maker’s stock valued at $57,076,000 after purchasing an additional 102,310 shares during the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new position in Steven Madden in the fourth quarter valued at approximately $54,097,000. Institutional investors and hedge funds own 93.60% of the company’s stock.
SHOO has been the topic of several recent research reports. BidaskClub downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Telsey Advisory Group restated an “outperform” rating and set a $51.00 target price (up previously from $44.00) on shares of Steven Madden in a research report on Tuesday, January 9th. Canaccord Genuity set a $52.00 target price on Steven Madden and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Susquehanna Bancshares restated a “buy” rating and set a $48.00 target price on shares of Steven Madden in a research report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.29.
Shares of Steven Madden, Ltd. (NASDAQ:SHOO) opened at $43.60 on Friday. The stock has a market capitalization of $2,562.90, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.45. Steven Madden, Ltd. has a 12-month low of $35.55 and a 12-month high of $49.28.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $360.27 million. Steven Madden had a net margin of 7.63% and a return on equity of 16.68%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. analysts forecast that Steven Madden, Ltd. will post 2.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be issued a $0.20 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.80 annualized dividend and a dividend yield of 1.83%.
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Steven Madden Company Profile
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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