Fox Run Management L.L.C. decreased its holdings in shares of Steven Madden, Ltd. (NASDAQ:SHOO) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,479 shares of the textile maker’s stock after selling 2,721 shares during the period. Fox Run Management L.L.C.’s holdings in Steven Madden were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Macquarie Group Ltd. lifted its stake in shares of Steven Madden by 8.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after buying an additional 193,391 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Steven Madden by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock valued at $73,248,000 after buying an additional 37,264 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Steven Madden by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,641,855 shares of the textile maker’s stock valued at $70,681,000 after buying an additional 8,679 shares in the last quarter. State Street Corp lifted its stake in shares of Steven Madden by 5.2% during the 2nd quarter. State Street Corp now owns 1,505,434 shares of the textile maker’s stock valued at $60,144,000 after buying an additional 75,022 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Steven Madden by 2.0% during the 2nd quarter. Royal Bank of Canada now owns 1,177,884 shares of the textile maker’s stock valued at $47,056,000 after buying an additional 23,334 shares in the last quarter. 92.98% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on SHOO shares. Zacks Investment Research upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Wedbush restated a “buy” rating and set a $53.00 target price on shares of Steven Madden in a research note on Tuesday, December 19th. Jefferies Group set a $39.00 target price on shares of Steven Madden and gave the company a “hold” rating in a research note on Tuesday, October 31st. Susquehanna Bancshares restated a “buy” rating and set a $48.00 target price on shares of Steven Madden in a research note on Monday, October 23rd. Finally, Telsey Advisory Group lowered their target price on shares of Steven Madden from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Steven Madden has a consensus rating of “Buy” and a consensus target price of $49.13.

In other Steven Madden news, Director Richard P. Randall sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total value of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at approximately $867,882.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Amelia Varela sold 25,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total transaction of $1,069,500.00. Following the completion of the sale, the president now owns 113,007 shares in the company, valued at approximately $4,834,439.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock worth $1,460,100. Corporate insiders own 2.06% of the company’s stock.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) opened at $46.60 on Friday. The company has a market cap of $2,810.00, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.78 and a beta of 0.51. Steven Madden, Ltd. has a one year low of $33.50 and a one year high of $49.28.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. analysts expect that Steven Madden, Ltd. will post 2.23 earnings per share for the current year.

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About Steven Madden

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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