Economy

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 https://stocknewstimes.com/2017/11/06/steven-madden-ltd-shoo-given-a-47-00-price-target-at-b-riley.html. 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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