Schwab Charles Investment Management Inc. increased its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,486 shares of the textile maker’s stock after acquiring an additional 26,856 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.70% of Steven Madden worth $17,818,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SHOO. 1060 Capital LLC bought a new stake in Steven Madden during the second quarter valued at approximately $24,372,000. Jennison Associates LLC lifted its position in Steven Madden by 0.4% during the second quarter. Jennison Associates LLC now owns 11,834 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 44 shares during the last quarter. Prudential Financial Inc. lifted its position in Steven Madden by 63.4% during the second quarter. Prudential Financial Inc. now owns 255,446 shares of the textile maker’s stock valued at $10,205,000 after purchasing an additional 99,150 shares during the last quarter. Macquarie Group Ltd. lifted its position in Steven Madden by 8.6% during 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. Finally, Kiwi Wealth Investments Limited Partnership lifted its position in Steven Madden by 21.7% during the third quarter. Kiwi Wealth Investments Limited Partnership now owns 42,638 shares of the textile maker’s stock valued at $1,846,000 after purchasing an additional 7,595 shares during the last quarter. Institutional investors own 92.98% of the company’s stock.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) opened at $45.75 on Thursday. The firm has a market cap of $2,659.65, a P/E ratio of 20.09, a PEG ratio of 1.70 and a beta of 0.52. Steven Madden, Ltd. has a 1-year low of $33.50 and a 1-year high of $46.35.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $441.19 million during the quarter, compared to analyst estimates of $441.03 million. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. equities analysts forecast that Steven Madden, Ltd. will post 2.21 EPS for the current year.

In related news, Director Richard P. Randall sold 2,000 shares of Steven Madden stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total value of $76,100.00. Following the transaction, the director now directly owns 22,809 shares of the company’s stock, valued at $867,882.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Amelia Varela sold 25,000 shares of Steven Madden stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total transaction of $1,069,500.00. Following the completion of the transaction, the president now directly owns 113,007 shares in the company, valued at $4,834,439.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,000 shares of company stock valued at $1,460,100. Company insiders own 2.06% of the company’s stock.

Several equities research analysts have issued reports on the stock. Buckingham Research dropped their target price on shares of Steven Madden from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Canaccord Genuity set a $47.00 target price on shares of Steven Madden and gave the company a “buy” rating in a research report on Tuesday, October 24th. B. Riley set a $47.00 target price on shares of Steven Madden and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Wedbush reiterated a “buy” rating and set a $53.00 target price on shares of Steven Madden in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.86.

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

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