B. Riley Comments on Steven Madden, Ltd.'s FY2017 Earnings (SHOO)

The corporation has a market cap of US$2.24 Billion. It now has negative earnings.

Royal Bank of Canada raised its position in shares of Steven Madden Ltd. (NASDAQ:SHOO) by 7.1% during the second quarter, Holdings Channel reports. Nationwide Fund Advisors cut its ownership by selling 55,321 shares a decrease of 43.6% in the quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in Steven Madden during the second quarter worth $21,335,000. Steven Madden, Ltd. has a 52-week low of $33.50 and a 52-week high of $44.40. The stock increased 1.32% or $0.5 on November 3, reaching $38.4.

Shares are trading at $39.35 barely below $42.21, the 50 day moving average and a tad below the 200 day moving average of $40.24. Steven Madden, Ltd. (SHOO) has $2.27B valuation. It has underperformed by 3.24% the S&P500. With short interest at 2,642,943 and short average daily volume at 460,622, days to cover is 6.0 and the percentage of shorted shares was 0.05% on September 29. Rocky Mountain Advisers Llc owns 1,280 shares or 0.1% of their USA portfolio.

Institutional investors have recently bought and sold shares of the company. Mutual Of America Capital Management Lc has 0.01% invested in Leggett & Platt, Inc. Brown Advisory, a Maryland-based fund reported 14,015 shares. The stock decreased 0.23% or $0.1 on November 3, reaching $46. About 58,642 shares traded or 44.15% up from the average.

Since May 31, 2017, it had 0 buys, and 6 insider sales for $4.83 million activity. Frieders Karla had sold 60,000 shares worth $2.34M on Wednesday, May 31. Jennison Associates LLC increased its holdings in shares of Steven Madden by 0.4% during the second quarter. Another trade for 25,000 shares valued at $987,750 was made by VARELA AMELIA on Tuesday, June 13. About shares traded. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 13.46% since November 6, 2016 and is uptrending. 2,240 shares were sold by LYNCH ROSE PEABODY, worth $88,077 on Wednesday, June 14. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Therefore 64% are positive. BJ's Restaurants had 27 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Steven Madden, Ltd. (NASDAQ:SHOO) has "Market Perform" rating given on Tuesday, December 6 by Wells Fargo. Zacks Investment Research raised Steven Madden from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 16th. Jefferies initiated Steven Madden, Ltd. (NASDAQ:SHOO) on Thursday, February 18 with "Buy" rating. The firm has "Buy" rating given on Tuesday, August 15 by Canaccord Genuity. The original version of this story can be viewed at Piper Jaffray maintained the shares of SHOO in report on Wednesday, June 14 with "Buy" rating. Jefferies Group LLC reiterated a "hold" rating and issued a $39.00 target price (up previously from $37.00) on shares of Steven Madden in a research report on Wednesday, August 2nd. It also reduced Tcf Finl Corp (NYSE:TCB) stake by 36,478 shares and now owns 10,126 shares. (NASDAQ:BJRI). Campbell & Investment Adviser Limited Liability invested 0.34% in BJ's Restaurants, Inc.

Investors sentiment increased to 1.33 in Q2 2017. 1 analysts call it Underweight, while 0 think it is Overweight. Geode Capital Mgmt Limited Liability Corp, Massachusetts-based fund reported 468,385 shares. Pnc Fincl Svcs Inc, Pennsylvania-based fund reported 19,118 shares. Piedmont Advisors Ltd Liability Company stated it has 0.01% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). After having $0.51 EPS previously, Steven Madden, Ltd.'s analysts see 49.02% EPS growth.

Among 14 analysts covering Steven Madden (NASDAQ:SHOO), 9 have Buy rating, 0 Sell and 5 Hold. Susquehanna Intll Grp Inc Llp owns 12,941 shares. State Of New Jersey Common Pension Fund D holds 0% or 22,000 shares. D E Shaw owns 14,209 shares or 0% of their U.S. portfolio. Piper Jaffray upgraded Steven Madden, Ltd. (NASDAQ:SHOO) on Thursday, February 23 to "Overweight" rating. Tiaa Cref Limited Liability holds 109,123 shares or 0% of its portfolio. Millennium Management Ltd Liability stated it has 180,964 shares or 0% of all its holdings. Following the transaction, the director now owns 24,675 shares of the company's stock, valued at $870,040.50. Moreover, Ahl Ltd Liability Partnership has 0.12% invested in Steven Madden, Ltd. (NASDAQ:SHOO).

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