Stifel Financial Corp lifted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,585 shares of the textile maker’s stock after buying an additional 16,131 shares during the period. Stifel Financial Corp owned about 0.41% of Steven Madden worth $10,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its position in shares of Steven Madden by 8.6% in the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after buying an additional 193,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Steven Madden by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock valued at $73,248,000 after buying an additional 37,264 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Steven Madden by 0.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,641,855 shares of the textile maker’s stock valued at $70,681,000 after buying an additional 8,679 shares in the last quarter. State Street Corp increased its position in shares of Steven Madden by 5.2% in the 2nd quarter. State Street Corp now owns 1,505,434 shares of the textile maker’s stock valued at $60,144,000 after buying an additional 75,022 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Steven Madden by 2.0% in the 2nd quarter. Royal Bank of Canada now owns 1,177,884 shares of the textile maker’s stock valued at $47,056,000 after buying an additional 23,334 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

A number of brokerages recently weighed in on SHOO. Wedbush began coverage on shares of Steven Madden in a research note on Monday, August 14th. They issued an “outperform” rating and a $48.00 target price for the company. ValuEngine lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Canaccord Genuity set a $47.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Steven Madden currently has a consensus rating of “Buy” and a consensus price target of $45.41.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) opened at $43.80 on Tuesday. Steven Madden, Ltd. has a one year low of $33.50 and a one year high of $44.90. The stock has a market cap of $2,606.45, a PE ratio of 19.69, a P/E/G ratio of 1.66 and a beta of 0.52.

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

In related news, President Amelia Varela sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $42.78, for a total value of $1,069,500.00. Following the completion of the sale, the president now directly owns 113,007 shares in the company, valued at approximately $4,834,439.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard P. Randall sold 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total transaction of $76,100.00. Following the completion of the transaction, the director now directly owns 22,809 shares in the company, valued at $867,882.45. The disclosure for this sale can be found here. Insiders sold a total of 27,500 shares of company stock valued at $1,167,405 over the last quarter. 2.06% of the stock is currently owned by company insiders.

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

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