Kornitzer Capital Management Inc. KS Sells 1,820 Shares of Steven Madden, Ltd. (NASDAQ:SHOO)

Share on StockTwits

Kornitzer Capital Management Inc. KS lowered its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,943 shares of the textile maker’s stock after selling 1,820 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Steven Madden were worth $3,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHOO. CWM LLC boosted its stake in Steven Madden by 740.7% in the 3rd quarter. CWM LLC now owns 765 shares of the textile maker’s stock worth $27,000 after purchasing an additional 674 shares during the period. Nisa Investment Advisors LLC boosted its stake in Steven Madden by 97.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,015 shares of the textile maker’s stock worth $36,000 after purchasing an additional 500 shares during the period. Quadrant Capital Group LLC boosted its stake in 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 worth $36,000 after purchasing an additional 971 shares during the period. Tower Research Capital LLC TRC bought a new position in Steven Madden in the 2nd quarter worth about $39,000. Finally, Edge Wealth Management LLC boosted its stake in Steven Madden by 51.3% in the 3rd quarter. Edge Wealth Management LLC now owns 2,950 shares of the textile maker’s stock worth $105,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 96.53% of the company’s stock.

Shares of SHOO traded up $0.15 during trading hours on Friday, reaching $43.18. 993,700 shares of the company’s stock traded hands, compared to its average volume of 611,615. Steven Madden, Ltd. has a 12 month low of $27.88 and a 12 month high of $43.91. The stock has a market cap of $3.63 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 3.67 and a beta of 0.82. The firm’s 50 day simple moving average is $36.74 and its 200-day simple moving average is $33.70.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, October 29th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Steven Madden had a return on equity of 20.01% and a net margin of 7.71%. The firm had revenue of $497.31 million for the quarter, compared to analysts’ expectations of $487.18 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Steven Madden, Ltd. will post 1.94 earnings per share for the current year.

In related news, President Amelia Varela sold 80,000 shares of Steven Madden stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $41.54, for a total transaction of $3,323,200.00. Following the sale, the president now directly owns 231,276 shares in the company, valued at $9,607,205.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karla Frieders sold 12,500 shares of Steven Madden stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.76, for a total value of $534,500.00. Insiders have sold 136,336 shares of company stock worth $5,615,559 over the last three months. Insiders own 1.96% of the company’s stock.

SHOO has been the subject of several analyst reports. Citigroup set a $37.00 target price on Steven Madden and gave the stock a “hold” rating in a research note on Wednesday, July 31st. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. B. Riley set a $42.00 price target on Steven Madden and gave the company a “buy” rating in a research report on Friday, July 19th. Loop Capital lifted their price target on Steven Madden to $45.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research downgraded Steven Madden from a “hold” rating to a “sell” rating and set a $43.00 price target for the company. in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.00.

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, 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.

Featured Story: Diversification in Investing

Want to see what other hedge funds are holding SHOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steven Madden, Ltd. (NASDAQ:SHOO).

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

Receive News & Ratings for Steven Madden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steven Madden and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.