Steven Madden, Ltd. (SHOO) Position Cut by GSA Capital Partners LLP
GSA Capital Partners LLP trimmed its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 32.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,251 shares of the textile maker’s stock after selling 4,025 shares during the quarter. GSA Capital Partners LLP’s holdings in Steven Madden were worth $330,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SHOO. BlackRock Inc. boosted its position in Steven Madden by 148,882.3% in the first quarter. BlackRock Inc. now owns 6,921,716 shares of the textile maker’s stock valued at $266,833,000 after buying an additional 6,917,070 shares in the last quarter. Vanguard Group Inc. boosted its position in Steven Madden by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,809,629 shares of the textile maker’s stock valued at $185,410,000 after buying an additional 211,878 shares in the last quarter. Macquarie Group Ltd. boosted its position in Steven Madden by 7.6% in the first quarter. Macquarie Group Ltd. now owns 1,935,826 shares of the textile maker’s stock valued at $74,626,000 after buying an additional 136,220 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Steven Madden by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,656,633 shares of the textile maker’s stock valued at $63,863,000 after buying an additional 139,594 shares in the last quarter. Finally, State Street Corp boosted its position in Steven Madden by 7.1% in the first quarter. State Street Corp now owns 1,430,412 shares of the textile maker’s stock valued at $55,143,000 after buying an additional 94,475 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. ValuEngine lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, September 28th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Steven Madden currently has a consensus rating of “Buy” and an average price target of $43.96.
Steven Madden, Ltd. (NASDAQ:SHOO) opened at 41.00 on Tuesday. The stock’s 50 day moving average is $42.21 and its 200-day moving average is $39.85. Steven Madden, Ltd. has a one year low of $32.30 and a one year high of $43.80. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 19.74 and a beta of 0.51.
Steven Madden (NASDAQ:SHOO) last released its earnings results on Tuesday, August 1st. The textile maker reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Steven Madden had a net margin of 8.19% and a return on equity of 17.57%. The company had revenue of $374.15 million for the quarter, compared to analyst estimates of $355.22 million. During the same quarter last year, the firm earned $0.42 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts expect that Steven Madden, Ltd. will post $2.25 earnings per share for the current fiscal year.
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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.
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