Steven Madden, Ltd. (SHOO) Position Boosted by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. boosted its stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 485,208 shares of the textile maker’s stock after buying an additional 2,500 shares during the period. Rothschild Asset Management Inc.’s holdings in Steven Madden were worth $18,705,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of Steven Madden during the fourth quarter valued at about $2,246,000. Comerica Bank boosted its position in shares of Steven Madden by 5.2% in the fourth quarter. Comerica Bank now owns 58,752 shares of the textile maker’s stock valued at $2,103,000 after buying an additional 2,914 shares in the last quarter. State Street Corp boosted its position in shares of Steven Madden by 5.3% in the fourth quarter. State Street Corp now owns 1,335,937 shares of the textile maker’s stock valued at $47,761,000 after buying an additional 67,187 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Steven Madden by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,517,039 shares of the textile maker’s stock valued at $54,236,000 after buying an additional 51,730 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Steven Madden by 6.7% in the fourth quarter. Systematic Financial Management LP now owns 233,518 shares of the textile maker’s stock valued at $8,348,000 after buying an additional 14,718 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

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

Shares of Steven Madden, Ltd. (SHOO) opened at 38.75 on Wednesday. Steven Madden, Ltd. has a 52-week low of $32.14 and a 52-week high of $40.55. The company has a 50 day moving average of $37.98 and a 200 day moving average of $37.19. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 19.42 and a beta of 0.43.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Friday, April 21st. The textile maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $366.40 million for the quarter, compared to analyst estimates of $359.52 million. Steven Madden had a return on equity of 10.94% and a net margin of 5.60%. Steven Madden’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. Analysts predict that Steven Madden, Ltd. will post $2.19 EPS for the current fiscal year.

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SHOO has been the topic of several recent research reports. Piper Jaffray Companies raised shares of Steven Madden from a “neutral” rating to an “overweight” rating and set a $41.00 price objective on the stock in a research note on Thursday, February 23rd. Canaccord Genuity set a $45.00 price objective on shares of Steven Madden and gave the company a “buy” rating in a research note on Saturday, February 25th. B. Riley raised shares of Steven Madden from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $45.00 in a research note on Monday, February 27th. Zacks Investment Research raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, Citigroup Inc reaffirmed a “focus list” rating on shares of Steven Madden in a research note on Tuesday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.00.

In related news, Director Richard P. Randall sold 2,454 shares of Steven Madden stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $38.48, for a total value of $94,429.92. Following the transaction, the director now owns 24,551 shares of the company’s stock, valued at approximately $944,722.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karla Frieders sold 60,000 shares of Steven Madden stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $38.99, for a total value of $2,339,400.00. Following the completion of the transaction, the insider now directly owns 148,216 shares in the company, valued at approximately $5,778,941.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,054 shares of company stock worth $2,832,284. 2.20% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SHOO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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