Landscape Capital Management L.L.C. Purchases Shares of 53,362 Steven Madden, Ltd. (NASDAQ:SHOO)

Landscape Capital Management L.L.C. purchased a new position in Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,362 shares of the textile maker's stock, valued at approximately $2,614,000. Landscape Capital Management L.L.C. owned approximately 0.07% of Steven Madden at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in Steven Madden in the 3rd quarter worth about $36,000. Blue Trust Inc. grew its stake in Steven Madden by 9,166.7% during the 2nd quarter. Blue Trust Inc. now owns 834 shares of the textile maker's stock valued at $35,000 after acquiring an additional 825 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Steven Madden during the 3rd quarter valued at about $59,000. GAMMA Investing LLC grew its stake in Steven Madden by 80.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker's stock valued at $65,000 after acquiring an additional 593 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Steven Madden during the 1st quarter valued at about $81,000. 99.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SHOO shares. Needham & Company LLC started coverage on Steven Madden in a research note on Friday. They set a "hold" rating on the stock. Citigroup lifted their price target on Steven Madden from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, November 8th. StockNews.com upgraded Steven Madden from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $50.00 price target on shares of Steven Madden in a report on Wednesday, November 13th. Finally, Wedbush reiterated a "neutral" rating and set a $41.00 price target on shares of Steven Madden in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.43.

Steven Madden Price Performance

SHOO traded up $0.58 on Friday, hitting $43.40. The company had a trading volume of 648,401 shares, compared to its average volume of 709,045. The company's fifty day moving average price is $46.33 and its 200 day moving average price is $44.37. Steven Madden, Ltd. has a 1-year low of $36.56 and a 1-year high of $50.01. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 18.47 and a beta of 1.08.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 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 $624.68 million during the quarter, compared to analyst estimates of $607.89 million. During the same period in the previous year, the company earned $0.88 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts forecast that Steven Madden, Ltd. will post 2.65 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. Steven Madden's dividend payout ratio (DPR) 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.