Campbell & CO Investment Adviser LLC purchased a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,597 shares of the textile maker’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc grew its holdings in shares of Steven Madden by 81.8% during the second quarter. NumerixS Investment Technologies Inc now owns 2,000 shares of the textile maker’s stock worth $108,000 after buying an additional 900 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Steven Madden by 11.4% during the second quarter. Amalgamated Bank now owns 9,416 shares of the textile maker’s stock worth $500,000 after buying an additional 960 shares during the last quarter. Strs Ohio grew its holdings in shares of Steven Madden by 27.0% during the second quarter. Strs Ohio now owns 4,700 shares of the textile maker’s stock worth $249,000 after buying an additional 1,000 shares during the last quarter. Piedmont Investment Advisors LLC grew its holdings in shares of Steven Madden by 9.3% during the second quarter. Piedmont Investment Advisors LLC now owns 12,357 shares of the textile maker’s stock worth $656,000 after buying an additional 1,049 shares during the last quarter. Finally, Sawgrass Asset Management LLC grew its holdings in shares of Steven Madden by 31.7% during the second quarter. Sawgrass Asset Management LLC now owns 6,850 shares of the textile maker’s stock worth $364,000 after buying an additional 1,650 shares during the last quarter. 63.90% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Rose Peabody Lynch sold 2,500 shares of Steven Madden stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $57.27, for a total transaction of $143,175.00. Following the completion of the sale, the director now directly owns 7,103 shares in the company, valued at approximately $406,788.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Karla Frieders sold 7,000 shares of Steven Madden stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $56.89, for a total transaction of $398,230.00. Following the sale, the insider now owns 75,280 shares of the company’s stock, valued at $4,282,679.20. The disclosure for this sale can be found here. 1.77% of the stock is currently owned by company insiders.

Shares of NASDAQ:SHOO opened at $32.01 on Monday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 21.48, a PEG ratio of 1.68 and a beta of 0.66. Steven Madden, Ltd. has a 52 week low of $26.03 and a 52 week high of $39.30.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Tuesday, October 30th. The textile maker reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. The firm had revenue of $458.48 million during the quarter, compared to the consensus estimate of $472.80 million. Steven Madden had a net margin of 8.79% and a return on equity of 18.05%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. Equities analysts forecast that Steven Madden, Ltd. will post 1.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 21st will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 1.75%. This is an increase from Steven Madden’s previous quarterly dividend of $0.13. Steven Madden’s dividend payout ratio (DPR) is presently 35.57%.

A number of brokerages recently commented on SHOO. BidaskClub upgraded shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 14th. ValuEngine downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Loop Capital upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, October 30th. Wedbush reduced their price objective on shares of Steven Madden from $55.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Zacks Investment Research downgraded shares of Steven Madden from a “hold” rating to a “sell” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Steven Madden currently has an average rating of “Hold” and an average price target of $37.52.

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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.

Further Reading: Balance Sheet

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

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