Steven Madden, Ltd. (SHOO) Stake Raised by Dean Capital Management

Dean Capital Management grew its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 39.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,665 shares of the textile maker’s stock after purchasing an additional 17,010 shares during the quarter. Dean Capital Management owned approximately 0.10% of Steven Madden worth $2,384,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Steven Madden by 0.4% in the 2nd quarter. Amalgamated Bank now owns 8,107 shares of the textile maker’s stock valued at $324,000 after purchasing an additional 32 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Steven Madden by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 11,834 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 44 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Steven Madden by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock valued at $143,000 after purchasing an additional 60 shares in the last quarter. CS Mckee LP raised its stake in shares of Steven Madden by 0.5% in the 2nd quarter. CS Mckee LP now owns 22,175 shares of the textile maker’s stock valued at $886,000 after purchasing an additional 100 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Steven Madden by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,118 shares of the textile maker’s stock valued at $763,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

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A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $45.00 price objective (up previously from $41.00) on shares of Steven Madden in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Friday, August 18th. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley boosted their price objective on shares of Steven Madden from $38.00 to $41.50 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.96.

Steven Madden, Ltd. (NASDAQ:SHOO) traded up 0.74% on Friday, reaching $41.05. 116,025 shares of the company’s stock traded hands. Steven Madden, Ltd. has a 52-week low of $32.30 and a 52-week high of $43.80. The firm’s 50-day moving average is $42.19 and its 200 day moving average is $39.81. The stock has a market capitalization of $2.43 billion, a PE ratio of 19.76 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $374.15 million during the quarter, compared to analysts’ expectations of $355.22 million. Steven Madden had a net margin of 8.19% and a return on equity of 17.57%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. Analysts forecast that Steven Madden, Ltd. will post $2.25 EPS for the current year.

Steven Madden 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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Institutional Ownership by Quarter for Steven Madden (NASDAQ:SHOO)

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