Systematic Financial Management LP Sells 2,166 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Systematic Financial Management LP reduced its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454,681 shares of the textile maker’s stock after selling 2,166 shares during the quarter. Systematic Financial Management LP owned approximately 0.53% of Steven Madden worth $15,436,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Moody Aldrich Partners LLC boosted its stake in shares of Steven Madden by 2.7% in the 2nd quarter. Moody Aldrich Partners LLC now owns 182,897 shares of the textile maker’s stock valued at $6,209,000 after purchasing an additional 4,864 shares during the last quarter. Rothschild & Co. Asset Management US Inc. boosted its stake in Steven Madden by 3.1% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 773,932 shares of the textile maker’s stock worth $26,275,000 after acquiring an additional 22,978 shares in the last quarter. Arizona State Retirement System boosted its stake in Steven Madden by 0.4% during the second quarter. Arizona State Retirement System now owns 121,138 shares of the textile maker’s stock worth $4,113,000 after acquiring an additional 540 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Steven Madden by 2.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 173,725 shares of the textile maker’s stock worth $5,879,000 after acquiring an additional 3,664 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Steven Madden by 16.4% during the first quarter. Lazard Asset Management LLC now owns 1,301,929 shares of the textile maker’s stock worth $44,057,000 after acquiring an additional 183,630 shares in the last quarter. 95.88% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Steven Madden from a “hold” rating to a “sell” rating and set a $35.00 target price on the stock. in a research note on Thursday, July 18th. BidaskClub raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Telsey Advisory Group reissued a “market perform” rating and set a $36.00 target price (down from $38.00) on shares of Steven Madden in a research note on Thursday, June 6th. Canaccord Genuity set a $41.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, B. Riley set a $42.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.80.

SHOO traded down $0.54 during trading on Wednesday, hitting $30.01. 23,037 shares of the company’s stock were exchanged, compared to its average volume of 661,849. The firm’s 50 day moving average price is $32.85. Steven Madden, Ltd. has a fifty-two week low of $27.88 and a fifty-two week high of $39.30. The company has a market cap of $2.63 billion, a PE ratio of 16.65, a P/E/G ratio of 1.84 and a beta of 0.80.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, July 30th. The textile maker reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Steven Madden had a net margin of 8.07% and a return on equity of 19.90%. The firm had revenue of $444.97 million for the quarter, compared to the consensus estimate of $420.40 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts predict that Steven Madden, Ltd. will post 1.85 earnings per share for the current year.

In other news, Director Rose Peabody Lynch sold 3,390 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $32.17, for a total value of $109,056.30. Following the completion of the sale, the director now owns 8,469 shares in the company, valued at $272,447.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Garrett Smith sold 9,267 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $31.00, for a total transaction of $287,277.00. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Steven Madden Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.

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

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