Steven Madden Ltd. (SHOO) : Neumeier Poma Investment Counsel reduced its stake in Steven Madden Ltd. by 8.48% during the most recent quarter end. The investment management company now holds a total of 497,958 shares of Steven Madden Ltd. which is valued at $18,026,080 after selling 46,115 shares in Steven Madden Ltd. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Steven Madden Ltd. makes up approximately 2.70% of Neumeier Poma Investment Counsel’s portfolio.
Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in SHOO in the latest quarter, The investment management firm added 13,835 additional shares and now holds a total of 193,811 shares of Steven Madden Ltd. which is valued at $7,015,958. Steven Madden Ltd. makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Mesirow Financial Investment Management – Equity Management added SHOO to its portfolio by purchasing 624,172 company shares during the most recent quarter which is valued at $22,014,546. Steven Madden Ltd. makes up approx 1.25% of Mesirow Financial Investment Management – Equity Management’s portfolio.Boston Partners boosted its stake in SHOO in the latest quarter, The investment management firm added 11,345 additional shares and now holds a total of 952,313 shares of Steven Madden Ltd. which is valued at $32,950,030. Steven Madden Ltd. makes up approx 0.05% of Boston Partners’s portfolio.Falcon Point Capital reduced its stake in SHOO by selling 14,265 shares or 7.3% in the most recent quarter. The Hedge Fund company now holds 181,205 shares of SHOO which is valued at $6,398,349. Steven Madden Ltd. makes up approx 1.07% of Falcon Point Capital’s portfolio.
Steven Madden Ltd. opened for trading at $36.36 and hit $36.83 on the upside on Tuesday, eventually ending the session at $36.57, with a gain of 1.19% or 0.43 points. The heightened volatility saw the trading volume jump to 3,62,925 shares. Company has a market cap of $2,241 M.
On the company’s financial health, Steven Madden Ltd. reported $0.42 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $325.40 million for the quarter, compared to analysts expectations of $330.09 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Steven Madden Ltd.. Susquehanna Initiated Steven Madden Ltd. on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $42.Shares were Reiterated by Telsey Advisory Group on Aug 3, 2016 to “Outperform” and Lowered the Price Target to $ 38 from a previous price target of $40 .Steven Madden Ltd. was Downgraded by Buckingham Research to ” Neutral” on Jul 18, 2016.
Steven Madden Ltd. designs sources markets and sells name brand and private label footwear for women men and children. It operates under five segments which include Wholesale Footwear Wholesale Accessories Retail First Cost and Licensing. Its brands include Madden Girl Steve Madden Men’s Madden Steven Stevies and Steve Madden Kids Betsey Johnson Superga FREEBIRD by Steve Report Mad Love Dolce Vita and Brian Atwood. Its products are marketed through its retail stores and e-commerce Websites as well as department stores specialty stores luxury retailers value priced retailers national chains merchants and catalog retailers throughout the United States Canada Mexico and South Africa. In addition it markets its products in Asia Australia Europe India the Middle East South and Central America and New Zealand. The Companys subsidiaries include Steven Madden Retail Inc. and BA Brand Holdings LLC among others.