Steven Madden Ltd. (SHOO) : Mesirow Financial Investment Management – Equity Management added new position in Steven Madden Ltd. during the most recent quarter end. The investment management firm now holds 624,172 shares of Steven Madden Ltd. which is valued at $22,014,546 , the company said in a statement filed on Aug 8, 2016 with the SEC.Steven Madden Ltd. makes up approximately 1.25% of Mesirow Financial Investment Management – Equity Management’s portfolio.
Other Hedge Funds, Including , Royce Associates Lp boosted its stake in SHOO in the latest quarter, The investment management firm added 129,942 additional shares and now holds a total of 627,019 shares of Steven Madden Ltd. which is valued at $22,114,960. Steven Madden Ltd. makes up approx 0.14% of Royce Associates Lp’s portfolio.Tdam Usa reduced its stake in SHOO by selling 3,669 shares or 8.92% in the most recent quarter. The Hedge Fund company now holds 37,464 shares of SHOO which is valued at $1,296,254. Steven Madden Ltd. makes up approx 0.06% of Tdam Usa’s portfolio.Parkside Financial Bank Trust boosted its stake in SHOO in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 1,078 shares of Steven Madden Ltd. which is valued at $36,404. Steven Madden Ltd. makes up approx 0.02% of Parkside Financial Bank Trust’s portfolio.
Steven Madden Ltd. opened for trading at $36.35 and hit $36.8025 on the upside on Monday, eventually ending the session at $36.31, with a gain of 0.30% or 0.11 points. The heightened volatility saw the trading volume jump to 4,21,807 shares. Company has a market cap of $2,225 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.