CS Mckee LP Purchases 100 Shares of Steven Madden, Ltd. (SHOO)
CS Mckee LP raised its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,175 shares of the textile maker’s stock after purchasing an additional 100 shares during the period. CS Mckee LP’s holdings in Steven Madden were worth $886,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of SHOO. First Trust Advisors LP raised its stake in shares of Steven Madden by 31.3% during the 1st quarter. First Trust Advisors LP now owns 43,895 shares of the textile maker’s stock worth $1,692,000 after purchasing an additional 10,468 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Steven Madden by 45.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 29,957 shares of the textile maker’s stock valued at $1,155,000 after acquiring an additional 9,400 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Steven Madden in the 1st quarter valued at approximately $738,000. Oxford Asset Management bought a new position in shares of Steven Madden in the 1st quarter valued at approximately $728,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Steven Madden in the 1st quarter valued at approximately $205,000. 91.32% of the stock is owned by institutional investors.
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A number of research analysts recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $45.00 price objective (up from $41.00) on shares of Steven Madden in a research note on Tuesday, August 8th. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, August 18th. B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of Steven Madden in a research note on Tuesday, August 8th. BidaskClub downgraded Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley raised their price objective on Steven Madden from $38.00 to $41.50 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Steven Madden presently has an average rating of “Buy” and a consensus target price of $43.96.
Shares of Steven Madden, Ltd. (SHOO) traded up 1.613% during mid-day trading on Tuesday, hitting $42.525. The stock had a trading volume of 99,223 shares. Steven Madden, Ltd. has a 52 week low of $32.30 and a 52 week high of $43.80. The stock has a 50 day moving average of $42.10 and a 200-day moving average of $39.76. The stock has a market capitalization of $2.52 billion, a P/E ratio of 20.474 and a beta of 0.51.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $374.15 million for 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 business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities research analysts predict that Steven Madden, Ltd. will post $2.25 earnings per share for the current year.
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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