Steven Madden Ltd. (SHOO) : Falcon Point Capital reduced its stake in Steven Madden Ltd. by 7.3% during the most recent quarter end. The investment management company now holds a total of 181,205 shares of Steven Madden Ltd. which is valued at $6,398,349 after selling 14,265 shares in Steven Madden Ltd. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Steven Madden Ltd. makes up approximately 1.07% of Falcon Point Capital’s portfolio.
Other Hedge Funds, Including , Strs Ohio boosted its stake in SHOO in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 4,700 shares of Steven Madden Ltd. which is valued at $165,957.Simplex Trading reduced its stake in SHOO by selling 223 shares or 68.2% in the most recent quarter. The Hedge Fund company now holds 104 shares of SHOO which is valued at $3,717.
Steven Madden Ltd. closed down -0.06 points or -0.17% at $35.02 with 6,14,094 shares getting traded on Friday. Post opening the session at $35, the shares hit an intraday low of $34.401 and an intraday high of $35.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Steven Madden Ltd. reported $0.33 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $329.40 million for the quarter, compared to analysts expectations of $325.35 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Steven Madden Ltd.. 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.