Market Runner: A Reversal for Steven Madden, Ltd. Is Not Near. The Stock Rises Again

Market Runner: A Reversal for Steven Madden, Ltd. Is Not Near. The Stock Rises Again

The stock of Steven Madden, Ltd. (NASDAQ:SHOO) is a huge mover today! About 203,576 shares traded hands. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 5.32% since April 28, 2016 and is uptrending. It has underperformed by 0.61% the S&P500.
The move comes after 6 months positive chart setup for the $2.28 billion company. It was reported on Dec, 1 by Barchart.com. We have $39.14 PT which if reached, will make NASDAQ:SHOO worth $68.40M more.

Analysts await Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings on February, 22. They expect $0.50 earnings per share, up 16.28% or $0.07 from last year’s $0.43 per share. SHOO’s profit will be $30.00M for 19.00 P/E if the $0.50 EPS becomes a reality. After $0.74 actual earnings per share reported by Steven Madden, Ltd. for the previous quarter, Wall Street now forecasts -32.43% negative EPS growth.

Steven Madden, Ltd. (NASDAQ:SHOO) Ratings Coverage

Out of 8 analysts covering Steven Madden (NASDAQ:SHOO), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Steven Madden has been the topic of 15 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Buckingham Research downgraded Steven Madden, Ltd. (NASDAQ:SHOO) on Monday, July 18 to “Neutral” rating. Susquehanna initiated it with “Positive” rating and $42 target price in Friday, August 12 report. As per Tuesday, January 12, the company rating was maintained by Telsey Advisory Group. The firm has “Outperform” rating by Telsey Advisory Group given on Thursday, February 25. The stock of Steven Madden, Ltd. (NASDAQ:SHOO) has “Outperform” rating given on Thursday, October 1 by Taglich. The firm has “Buy” rating given on Wednesday, August 12 by Zacks. Jefferies initiated it with “Buy” rating and $40 target price in Thursday, February 18 report. The stock of Steven Madden, Ltd. (NASDAQ:SHOO) earned “Buy” rating by Canaccord Genuity on Monday, August 24. B. Riley & Co maintained Steven Madden, Ltd. (NASDAQ:SHOO) on Tuesday, September 22 with “Buy” rating. The company was maintained on Wednesday, August 19 by Piper Jaffray.

According to Zacks Investment Research, “Steven Madden, Ltd. designs, sources, markets and sells fashion-forward footwear brands for women, men and children. They distribute products through their retail stores, their e-commerce websites, catalogs and department and specialty store”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.27, from 1.04 in 2016Q1. The ratio fall, as 22 funds sold all Steven Madden, Ltd. shares owned while 59 reduced positions. 19 funds bought stakes while 65 increased positions. They now own 54.33 million shares or 5.41% less from 57.44 million shares in 2016Q1.
Moreover, Rs Invest Management Ltd has 0.31% invested in Steven Madden, Ltd. (NASDAQ:SHOO) for 872,660 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Steven Madden, Ltd. (NASDAQ:SHOO). Moreover, Aqr Limited Liability has 0% invested in Steven Madden, Ltd. (NASDAQ:SHOO) for 17,653 shares. Moreover, Retail Bank Of Montreal Can has 0% invested in Steven Madden, Ltd. (NASDAQ:SHOO) for 2,097 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Steven Madden, Ltd. (NASDAQ:SHOO). Sg Capital Mngmt Ltd Liability Corporation last reported 2.27% of its portfolio in the stock. Landscape Ltd Liability Com accumulated 0.05% or 11,369 shares. Rhumbline Advisers last reported 79,715 shares in the company. Picton Mahoney Asset Mgmt has 2,300 shares for 0% of their US portfolio. Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 24,600 shares. D E Shaw & holds 0.01% or 135,719 shares in its portfolio. Ny State Common Retirement Fund accumulated 0% or 74,419 shares. Citigroup last reported 31,059 shares in the company. Panagora Asset holds 0% or 55 shares in its portfolio. Kcg Hldg accumulated 0.01% or 14,081 shares.

Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 8 selling transactions for $4.23 million net activity. 15,000 shares were sold by DHARIA ARVIND, worth $600,900 on Monday, November 14. Another trade for 2,592 shares valued at $100,984 was sold by MIGLIORINI PETER. $61,705 worth of Steven Madden, Ltd. (NASDAQ:SHOO) was sold by Randall Richard P. The insider Frieders Karla sold $1.56 million. $318,640 worth of Steven Madden, Ltd. (NASDAQ:SHOO) shares were sold by VARELA AMELIA. Shares for $732,000 were sold by SINHA AWADHESH K.

Another recent and important Steven Madden, Ltd. (NASDAQ:SHOO) news was published by Nasdaq.com which published an article titled: “SHOO January 2017 Options Begin Trading” on September 15, 2014.

SHOO Company Profile

Steven Madden, Ltd., incorporated on November 10, 1998, and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children. The Firm operates through five divisions: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. The Firm designs, sources, markets and sells name brand and private label handbags and accessories, and licenses some of its trademarks for use in connection with the manufacture, marketing and sale of various products of its licensees. The Company’s products are sold through its retail stores and e-commerce Websites, as well as department stores, specialty stores, luxury retailers, value priced retailers, national chains, merchants and catalog retailers throughout the United States, Canada, Mexico and South Africa. In addition, the Company sells its products in Asia, Australia, Europe, India, the Middle East, South and Central America and New Zealand. It provides merchandising support to its department store customers, including in-store fixtures and signage, supervision of displays and merchandising of its various product lines. The Company’s subsidiaries include Steven Madden Retail, Inc. and BA Brand Holdings LLC.

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