Keybank National Association OH Acquires 6,325 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Keybank National Association OH boosted its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 21.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,928 shares of the textile maker’s stock after acquiring an additional 6,325 shares during the quarter. Keybank National Association OH’s holdings in Steven Madden were worth $1,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Steven Madden by 50.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,470,104 shares of the textile maker’s stock valued at $74,745,000 after acquiring an additional 828,499 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Steven Madden by 65.5% in the fourth quarter. Geode Capital Management LLC now owns 1,014,570 shares of the textile maker’s stock valued at $30,700,000 after acquiring an additional 401,540 shares during the last quarter. Brinker Capital Inc. increased its position in shares of Steven Madden by 74.9% in the first quarter. Brinker Capital Inc. now owns 18,496 shares of the textile maker’s stock valued at $626,000 after acquiring an additional 7,919 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Steven Madden by 448.9% in the first quarter. BNP Paribas Arbitrage SA now owns 20,371 shares of the textile maker’s stock valued at $689,000 after acquiring an additional 16,660 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Steven Madden by 1,100.0% in the first quarter. Quadrant Capital Group LLC now owns 804 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 737 shares during the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert Garrett Smith sold 9,267 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $31.00, for a total value of $287,277.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Rose Peabody Lynch sold 3,390 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 8,469 shares in the company, valued at approximately $272,447.73. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.



NASDAQ SHOO traded up $0.77 during trading on Friday, reaching $30.14. 568,500 shares of the company’s stock were exchanged, compared to its average volume of 757,789. The business has a 50 day moving average price of $32.44 and a 200-day moving average price of $32.86. The stock has a market capitalization of $2.49 billion, a P/E ratio of 16.47, a PEG ratio of 1.76 and a beta of 0.80. Steven Madden, Ltd. has a fifty-two week low of $27.88 and a fifty-two week high of $39.30.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $444.97 million for the quarter, compared to the consensus estimate of $420.40 million. Steven Madden had a return on equity of 19.90% and a net margin of 8.07%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, analysts forecast that Steven Madden, Ltd. will post 1.85 earnings per share for the current year.

SHOO has been the topic of a number of recent research reports. Citigroup set a $37.00 target price on Steven Madden and gave the company a “hold” rating in a research report on Wednesday, July 31st. B. Riley set a $42.00 target price on Steven Madden and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine downgraded Steven Madden from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $36.00 target price (down previously from $38.00) on shares of Steven Madden in a research report on Thursday, June 6th. Finally, BidaskClub raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $35.80.

Steven Madden Company 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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