Boston Partners Acquires 2,072 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

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Boston Partners raised its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,165,114 shares of the textile maker’s stock after buying an additional 2,072 shares during the quarter. Boston Partners’ holdings in Steven Madden were worth $50,119,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC boosted its stake in shares of Steven Madden by 740.7% in the 3rd quarter. CWM LLC now owns 765 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 674 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Steven Madden by 97.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,015 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 500 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Steven Madden by 1,449.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,038 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 971 shares in the last quarter. Edge Wealth Management LLC boosted its stake in shares of Steven Madden by 51.3% in the 3rd quarter. Edge Wealth Management LLC now owns 2,950 shares of the textile maker’s stock valued at $105,000 after purchasing an additional 1,000 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its stake in shares of Steven Madden by 7.8% in the 3rd quarter. First Mercantile Trust Co. now owns 4,176 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 303 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on SHOO. Loop Capital boosted their target price on shares of Steven Madden to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Zacks Investment Research downgraded shares of Steven Madden from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research note on Tuesday, December 10th. BidaskClub downgraded shares of Steven Madden from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. ValuEngine upgraded shares of Steven Madden from a “strong sell” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Susquehanna Bancshares reiterated a “buy” rating and set a $43.00 price target on shares of Steven Madden in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Shares of NASDAQ SHOO opened at $37.34 on Friday. The firm’s 50-day simple moving average is $40.93 and its 200 day simple moving average is $38.08. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.96 and a beta of 0.86. Steven Madden, Ltd. has a 12-month low of $28.95 and a 12-month high of $44.79.

About Steven Madden

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, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.

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

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