A Reversal for Steven Madden, Ltd. (SHOO) Is Not Near. The Stock Reaches 52-Week High Today

May 17, 2018 - By Robert Sims

Steven Madden, Ltd. (NASDAQ:SHOO) Logo

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.30, from 1.35 in 2017Q3. It dived, as 27 investors sold Steven Madden, Ltd. shares while 65 reduced holdings. 30 funds opened positions while 67 raised stakes. 53.17 million shares or 0.32% less from 53.34 million shares in 2017Q3 were reported.
46,522 were accumulated by Pinebridge Invests Limited Partnership. 153,149 are held by Citadel Advsrs Lc. 134,183 were reported by California Pub Employees Retirement Systems. Kennedy Cap Mgmt accumulated 0.09% or 103,655 shares. The New York-based Rothschild Asset Mgmt has invested 0.25% in Steven Madden, Ltd. (NASDAQ:SHOO). Jefferies Group Ltd Liability Com holds 0% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO) for 5,585 shares. Eaton Vance stated it has 145,984 shares. American Century Companies invested in 74,195 shares. Blair William And Il accumulated 0.01% or 24,699 shares. Ny State Common Retirement Fund has invested 0% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). Envestnet Asset Mngmt Inc reported 0% stake. Parametric Assoc owns 114,132 shares or 0.01% of their US portfolio. 5,122 are owned by Hsbc Public Limited Liability Company. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Steven Madden, Ltd. (NASDAQ:SHOO) for 3,515 shares. Mason Street Advsrs Ltd Co stated it has 13,835 shares.

Since December 18, 2017, it had 0 buys, and 3 selling transactions for $2.00 million activity. 33,000 shares valued at $1.51M were sold by Rosenfeld Edward R. on Thursday, March 15. $292,663 worth of Steven Madden, Ltd. (NASDAQ:SHOO) shares were sold by SINHA AWADHESH K.

The stock of Steven Madden, Ltd. (NASDAQ:SHOO) hit a new 52-week high and has $52.14 target or 3.00 % above today’s $50.63 share price. The 5 months bullish chart indicates low risk for the $2.96 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $52.14 price target is reached, the company will be worth $88.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.03% or $0.525 during the last trading session, reaching $50.625. About 443,230 shares traded. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 13.16% since May 17, 2017 and is uptrending. It has outperformed by 1.61% the S&P500.

Analysts await Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings on August, 7. They expect $0.59 EPS, up 15.69 % or $0.08 from last year’s $0.51 per share. SHOO’s profit will be $34.50 million for 21.45 P/E if the $0.59 EPS becomes a reality. After $0.54 actual EPS reported by Steven Madden, Ltd. for the previous quarter, Wall Street now forecasts 9.26 % EPS growth.

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

Among 8 analysts covering Steven Madden (NASDAQ:SHOO), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Steven Madden had 19 analyst reports since November 29, 2017 according to SRatingsIntel. The rating was maintained by FBR Capital on Monday, April 23 with “Buy”. Susquehanna maintained it with “Buy” rating and $60.0 target in Tuesday, January 23 report. The firm has “Buy” rating given on Tuesday, February 13 by Canaccord Genuity. The firm earned “Buy” rating on Tuesday, January 16 by Citigroup. The firm has “Buy” rating given on Sunday, January 7 by Canaccord Genuity. FBR Capital maintained the shares of SHOO in report on Wednesday, February 28 with “Buy” rating. On Wednesday, February 28 the stock rating was maintained by Canaccord Genuity with “Buy”. Wedbush maintained the shares of SHOO in report on Tuesday, December 19 with “Buy” rating. Susquehanna maintained it with “Buy” rating and $55.0 target in Tuesday, January 9 report. The rating was maintained by FBR Capital on Tuesday, January 9 with “Buy”.

More important recent Steven Madden, Ltd. (NASDAQ:SHOO) news were published by: Stockhouse.com which released: “Steve Madden Announces Participation in the 19th Annual B. Riley FBR Investor Conference” on May 16, 2018, also Seekingalpha.com published article titled: “More on Steve Madden’s Q1 beat”, Globenewswire.com published: “Detailed Research: Economic Perspectives on Viasat, Cloud Peak Energy, Steven Madden, Entravision …” on May 14, 2018. More interesting news about Steven Madden, Ltd. (NASDAQ:SHOO) was released by: Businesswire.com and their article: “Steve Madden Announces Participation in the 19” with publication date: May 16, 2018.

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. The company has market cap of $2.96 billion. The Company’s Wholesale Footwear segment provides footwear under Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, and Madden NYC brands, as well as under the third party brands. It has a 24.82 P/E ratio. The companyÂ’s Wholesale Accessories segment offers Steve Madden, Steven by Steve Madden, Madden Girl, Betsey Johnson, Madden NYC, Big Buddha, B Brian Atwood, and Luv Betsey branded; and private label fashion handbags and accessories to department stores, mass merchants, value priced retailers, online retailers, and specialty stores; and markets and sells cold weather accessories, fashion scarves, wraps, and other trend accessories under the Cejon, Steve Madden, Betsey Johnson, and Big Buddha brand names, as well as private labels to department stores and specialty stores.

Steven Madden, Ltd. (NASDAQ:SHOO) Institutional Positions Chart

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