Walleye Capital LLC Sells 59,456 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Walleye Capital LLC trimmed its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) by 79.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,169 shares of the textile maker’s stock after selling 59,456 shares during the quarter. Walleye Capital LLC’s holdings in Steven Madden were worth $489,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SHOO. FourThought Financial LLC increased its position in Steven Madden by 16.0% during the first quarter. FourThought Financial LLC now owns 1,792 shares of the textile maker’s stock worth $69,000 after acquiring an additional 247 shares during the period. Nisa Investment Advisors LLC increased its position in Steven Madden by 18.2% during the second quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the textile maker’s stock worth $134,000 after acquiring an additional 640 shares during the period. KBC Group NV bought a new position in Steven Madden during the second quarter worth about $216,000. Eqis Capital Management Inc. increased its position in Steven Madden by 27.6% during the first quarter. Eqis Capital Management Inc. now owns 5,955 shares of the textile maker’s stock worth $230,000 after acquiring an additional 1,288 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its position in Steven Madden by 11.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 7,821 shares of the textile maker’s stock worth $252,000 after acquiring an additional 774 shares during the period. 93.27% of the stock is owned by institutional investors.

Steven Madden Trading Up 4.3 %

SHOO opened at $34.31 on Wednesday. The company’s 50 day moving average is $29.17 and its 200-day moving average is $32.58. Steven Madden, Ltd. has a 1-year low of $26.36 and a 1-year high of $51.56. The company has a market cap of $2.67 billion, a P/E ratio of 10.86 and a beta of 1.09.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 15th. This represents a $0.84 annualized dividend and a yield of 2.45%. Steven Madden’s dividend payout ratio is presently 26.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SHOO shares. CL King upgraded shares of Steven Madden from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th. UBS Group increased their price objective on shares of Steven Madden from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 1st. Telsey Advisory Group reduced their price objective on shares of Steven Madden from $38.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, November 3rd. B. Riley reduced their price objective on shares of Steven Madden from $58.00 to $49.00 in a research note on Thursday, July 28th. Finally, Exane BNP Paribas started coverage on shares of Steven Madden in a research note on Wednesday, September 21st. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Steven Madden has an average rating of “Hold” and an average target price of $40.88.

About Steven Madden

(Get Rating)

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear.

Featured Stories

Want to see what other hedge funds are holding SHOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steven Madden, Ltd. (NASDAQ:SHOOGet Rating).

Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

Receive News & Ratings for Steven Madden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steven Madden and related companies with MarketBeat.com's FREE daily email newsletter.