NumerixS Investment Technologies Inc boosted its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 81.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,000 shares of the textile maker’s stock after buying an additional 900 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Steven Madden were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SHOO. CIBC Asset Management Inc bought a new stake in Steven Madden during the 2nd quarter worth about $226,000. Strs Ohio raised its holdings in Steven Madden by 27.0% during the 2nd quarter. Strs Ohio now owns 4,700 shares of the textile maker’s stock worth $249,000 after purchasing an additional 1,000 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Steven Madden during the 1st quarter worth about $254,000. Verition Fund Management LLC bought a new stake in Steven Madden during the 1st quarter worth about $270,000. Finally, Highbridge Capital Management LLC bought a new stake in Steven Madden during the 1st quarter worth about $297,000. 95.89% of the stock is owned by hedge funds and other institutional investors.

Shares of SHOO stock opened at $56.30 on Thursday. The stock has a market capitalization of $3.32 billion, a PE ratio of 23.67, a P/E/G ratio of 1.98 and a beta of 0.51. Steven Madden, Ltd. has a one year low of $37.25 and a one year high of $58.95.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, July 31st. The textile maker reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Steven Madden had a return on equity of 17.01% and a net margin of 8.17%. The business had revenue of $395.80 million during the quarter, compared to analyst estimates of $390.57 million. During the same period in the previous year, the firm earned $0.51 EPS. Steven Madden’s quarterly revenue was up 5.8% compared to the same quarter last year. sell-side analysts predict that Steven Madden, Ltd. will post 2.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. Steven Madden’s dividend payout ratio is presently 35.71%.

In related news, insider Karla Frieders sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $56.89, for a total value of $398,230.00. Following the completion of the transaction, the insider now directly owns 75,280 shares in the company, valued at approximately $4,282,679.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Awadhesh K. Sinha sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $57.50, for a total value of $230,000.00. Following the completion of the transaction, the chief operating officer now owns 57,845 shares of the company’s stock, valued at $3,326,087.50. The disclosure for this sale can be found here. 1.77% of the stock is currently owned by insiders.

Several brokerages have weighed in on SHOO. BidaskClub cut Steven Madden from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 29th. Canaccord Genuity reissued a “buy” rating and set a $62.00 price objective on shares of Steven Madden in a report on Monday, August 13th. Zacks Investment Research raised Steven Madden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Buckingham Research boosted their price objective on Steven Madden from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Finally, Loop Capital set a $54.00 price objective on Steven Madden and gave the stock a “hold” rating in a report on Wednesday, August 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $54.58.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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

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