Steven Madden (SHOO) Receiving Somewhat Favorable Press Coverage, Report Finds

Cornelia Mascio
Novembre 15, 2017

The stock increased 0.29% or $0.44 on November 10, reaching $154.64. About 555,648 shares traded or 1.97% up from the average. (NASDAQ:CBRL) has risen 11.16% since November 13, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Finally, Zacks Investment Research upgraded shares of Steven Madden from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a report on Thursday, September 28th. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/14/steven-madden-ltd-shoo-shares-bought-by-parametric-portfolio-associates-llc.html. The stock has "Outperform" rating by Taglich on Thursday, October 1. Wedbush began coverage on shares of Steven Madden in a research report on Monday, August 14th. It has underperformed by 3.24% the S&P500.

Since May 31, 2017, it had 0 insider purchases, and 6 sales for $4.83 million activity.

In related news, Director Richard P. Randall sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 8th. 10,500 Steven Madden, Ltd. (NASDAQ:SHOO) shares with value of $420,000 were sold by SINHA AWADHESH K. The insider DHARIA ARVIND sold $804,400. 60,000 shares valued at $2.34M were sold by Frieders Karla on Wednesday, May 31. Another trade for 25,000 shares valued at $987,750 was sold by VARELA AMELIA.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Tuesday, October 31st. During the same period in the previous year, the firm posted $0.74 earnings per share. This translates into $27.22M profit for SHOO giving the stock a 21.40 P/E. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.77. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Therefore 64% are positive. Steven Madden had 37 analyst reports since August 12, 2015 according to SRatingsIntel.

Piper Jaffray Companies released research on SHOO stating a rating of "Buy" and establishing a price target of $43.00. The firm has "Neutral" rating by Buckingham Research given on Wednesday, August 2. Finally, Jefferies Group LLC set a $39.00 target price on shares of Steven Madden and gave the stock a "hold" rating in a report on Tuesday, October 31st. Buckingham Research reduced their price target on shares of Steven Madden from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 1st. Susquehanna initiated it with "Positive" rating and $42 target in Friday, August 12 report. The stock has "Buy" rating by Canaccord Genuity on Tuesday, October 31. Amalgamated Bank now owns 8,107 shares of the textile maker's stock valued at $324,000 after buying an additional 32 shares in the last quarter. The firm earned "Buy" rating on Wednesday, August 9 by Canaccord Genuity. Telsey Advisory Group upped their target price on shares of Steven Madden from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, August 2nd.

Investors sentiment increased to 1.33 in Q2 2017. Its up 0.28, from 1.05 in 2017Q1. The total value of its holdings increased 396.8%. 32 funds opened positions while 68 raised stakes. Ny State Common Retirement Fund stated it has 0% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). Gareth Morgan Ltd Partnership invested 0.13% in Steven Madden, Ltd. (NASDAQ:SHOO). 90,150 are held by Swiss Bancshares. Barclays Public Limited Company reported 51,592 shares. Cantab Partners Llp has 0% invested in Steven Madden, Ltd. (NASDAQ:SHOO). Moreover, Cs Mckee L P has 0.07% invested in Steven Madden, Ltd. (NASDAQ:SHOO). First Mercantile Tru stated it has 3,570 shares or 0.03% of all its holdings.

Shares of Steven Madden (NASDAQ:SHOO) opened at $39.70 on Thursday. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 13.46% since November 14, 2016 and is uptrending. Stifel Fin has 228,454 shares for 0.03% of their portfolio. Ameritas Partners invested 0.01% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). Northern Trust holds 945,693 shares.

Investors sentiment increased to 1.52 in 2017 Q2. Sigma Planning has 0.07% invested in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) for 4,390 shares. 122,233 are held by Bessemer Inc. Alpha Windward Ltd Llc invested in 0.02% or 205 shares. First Mercantile Trust Co. raised its holdings in shares of Steven Madden by 1.7% during the 2nd quarter. Renaissance Technology Ltd Liability has 30,978 shares for 0% of their portfolio. Dimensional Fund Advsrs LP accumulated 383,613 shares or 0.03% of the stock. The Ontario - Canada-based Cibc Ww Markets has invested 0.01% in Cracker Barrel Old Country Store, Inc. 1,826 were accumulated by Lee Danner And Bass Incorporated. Sterling Mngmt Ltd Co reported 37,902 shares or 0.01% of all its holdings. Moreover, Syntal Cap Prtnrs Ltd Company has 0.05% invested in Cracker Barrel Old Country Store, Inc.

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