Neumeier Poma Investment Counsel LLC boosted its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,203 shares of the textile maker’s stock after purchasing an additional 145,150 shares during the period. Steven Madden comprises about 2.7% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 20th largest holding. Neumeier Poma Investment Counsel LLC owned about 1.03% of Steven Madden worth $22,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Steven Madden by 148,882.3% in the 1st quarter. BlackRock Inc. now owns 6,921,716 shares of the textile maker’s stock valued at $266,833,000 after purchasing an additional 6,917,070 shares during the last quarter. Vanguard Group Inc. lifted its stake in Steven Madden by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 4,809,629 shares of the textile maker’s stock valued at $185,410,000 after purchasing an additional 211,878 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Steven Madden by 7.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,935,826 shares of the textile maker’s stock valued at $74,626,000 after purchasing an additional 136,220 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Steven Madden by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,656,633 shares of the textile maker’s stock valued at $63,863,000 after purchasing an additional 139,594 shares during the last quarter. Finally, State Street Corp lifted its stake in Steven Madden by 7.1% in the 1st quarter. State Street Corp now owns 1,430,412 shares of the textile maker’s stock valued at $55,143,000 after purchasing an additional 94,475 shares during the last quarter. 91.36% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Karla Frieders sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $38.61, for a total value of $193,050.00. Following the completion of the sale, the insider now directly owns 83,216 shares in the company, valued at approximately $3,212,969.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.06% of the company’s stock.

Several brokerages recently commented on SHOO. Telsey Advisory Group reissued an “outperform” rating and issued a $45.00 price objective (up previously from $41.00) on shares of Steven Madden in a research note 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 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. Morgan Stanley increased their price objective on shares of Steven Madden from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.96.

Shares of Steven Madden, Ltd. (SHOO) traded up 0.95% during trading on Friday, reaching $42.35. 666,624 shares of the company’s stock traded hands. The company’s 50-day moving average is $41.87 and its 200 day moving average is $39.18. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 20.39 and a beta of 0.51. Steven Madden, Ltd. has a 52-week low of $32.30 and a 52-week high of $43.80.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $374.15 million during the quarter, compared to analyst estimates of $355.22 million. Steven Madden had a net margin of 8.19% and a return on equity of 17.57%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. Equities 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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