Texas Permanent School Fund boosted its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 39,065 shares of the textile maker’s stock after buying an additional 45 shares during the period. Texas Permanent School Fund’s holdings in Steven Madden were worth $1,561,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Moody Aldrich Partners LLC increased its stake in Steven Madden by 37.9% in the second quarter. Moody Aldrich Partners LLC now owns 23,590 shares of the textile maker’s stock worth $942,000 after buying an additional 6,485 shares during the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Steven Madden by 3.9% in the second quarter. Rothschild Asset Management Inc. now owns 504,239 shares of the textile maker’s stock valued at $20,144,000 after buying an additional 19,031 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Steven Madden by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 79,146 shares of the textile maker’s stock valued at $3,157,000 after buying an additional 2,650 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Steven Madden by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,720 shares of the textile maker’s stock valued at $508,000 after buying an additional 290 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Steven Madden during the second quarter valued at about $398,000. Institutional investors own 92.44% of the company’s stock.

Steven Madden, Ltd. (SHOO) opened at 42.60 on Wednesday. The company has a 50-day moving average price of $40.45 and a 200 day moving average price of $38.28. Steven Madden, Ltd. has a 1-year low of $32.30 and a 1-year high of $43.85. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 20.51 and a beta of 0.53.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $374.15 million during the quarter, compared to analyst estimates of $355.22 million. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. Equities analysts anticipate that Steven Madden, Ltd. will post $2.25 earnings per share for the current year.

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Several brokerages have recently issued reports on SHOO. Jefferies Group LLC set a $37.00 price objective on Steven Madden and gave the company a “hold” rating in a research report on Saturday, May 13th. B. Riley restated a “buy” rating and issued a $47.00 price objective on shares of Steven Madden in a research report on Wednesday, August 2nd. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Canaccord Genuity set a $47.00 price objective on Steven Madden and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Telsey Advisory Group upped their price objective on Steven Madden from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.71.

In other news, Director Rose Peabody Lynch sold 2,240 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $39.32, for a total value of $88,076.80. Following the completion of the sale, the director now owns 4,754 shares of the company’s stock, valued at $186,927.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karla Frieders sold 60,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 148,216 shares of the company’s stock, valued at approximately $5,778,941.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,740 shares of company stock valued at $4,832,677. Corporate insiders own 2.20% of the company’s stock.

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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