Trexquant Investment LP Decreases Stake in Steven Madden, Ltd. (NASDAQ:SHOO)

Trexquant Investment LP lowered its holdings in Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,264 shares of the textile maker’s stock after selling 13,874 shares during the quarter. Trexquant Investment LP’s holdings in Steven Madden were worth $910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SHOO. State of New Jersey Common Pension Fund D grew its holdings in shares of Steven Madden by 8.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 61,489 shares of the textile maker’s stock worth $2,376,000 after acquiring an additional 4,554 shares during the period. Ceredex Value Advisors LLC grew its holdings in shares of Steven Madden by 9.1% in the first quarter. Ceredex Value Advisors LLC now owns 225,478 shares of the textile maker’s stock worth $8,712,000 after acquiring an additional 18,900 shares during the period. IndexIQ Advisors LLC bought a new stake in shares of Steven Madden in the first quarter worth $387,000. Los Angeles Capital Management LLC grew its holdings in shares of Steven Madden by 55.4% in the first quarter. Los Angeles Capital Management LLC now owns 49,557 shares of the textile maker’s stock worth $1,915,000 after acquiring an additional 17,667 shares during the period. Finally, Leeward Investments LLC MA bought a new stake in shares of Steven Madden in the first quarter worth $9,244,000. Institutional investors own 93.27% of the company’s stock.

Steven Madden Stock Down 0.8 %

NASDAQ SHOO opened at $34.41 on Thursday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 10.89 and a beta of 1.09. Steven Madden, Ltd. has a twelve month low of $26.36 and a twelve month high of $49.85. The business has a 50-day moving average price of $29.64 and a 200-day moving average price of $32.32.

Steven Madden Dividend Announcement

The company 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 $0.21 dividend. The ex-dividend date is Thursday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.44%. Steven Madden’s dividend payout ratio is currently 26.58%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. CL King raised Steven Madden from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th. Telsey Advisory Group cut their price target on Steven Madden from $38.00 to $34.00 and set a “market perform” rating for the company in a report on Thursday, November 3rd. UBS Group boosted their price target on Steven Madden from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 1st. B. Riley cut their price target on Steven Madden from $58.00 to $49.00 in a report on Thursday, July 28th. Finally, Citigroup cut their price target on Steven Madden from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, October 21st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Steven Madden presently has a consensus rating of “Hold” and a consensus target price of $40.88.

About Steven Madden

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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.

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

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