New York State Teachers Retirement System Buys 30,015 Shares of Steven Madden, Ltd. (SHOO)

New York State Teachers Retirement System increased its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 53.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,646 shares of the textile maker’s stock after buying an additional 30,015 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Steven Madden worth $2,622,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SHOO. Edge Wealth Management LLC boosted its holdings in Steven Madden by 143.8% in the fourth quarter. Edge Wealth Management LLC now owns 1,950 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,150 shares during the last quarter. Bank of Montreal Can boosted its holdings in Steven Madden by 72.6% in the fourth quarter. Bank of Montreal Can now owns 4,774 shares of the textile maker’s stock valued at $145,000 after purchasing an additional 2,008 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Steven Madden by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,272 shares of the textile maker’s stock valued at $160,000 after purchasing an additional 1,757 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Steven Madden by 5,650.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,048 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 2,995 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Steven Madden by 50.0% in the fourth quarter. IFP Advisors Inc now owns 6,795 shares of the textile maker’s stock valued at $204,000 after purchasing an additional 2,264 shares during the last quarter. Institutional investors and hedge funds own 68.47% of the company’s stock.

In related news, Director Richard P. Randall sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $31.28, for a total value of $46,920.00. Following the sale, the director now owns 22,070 shares of the company’s stock, valued at approximately $690,349.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.77% of the company’s stock.

Shares of NASDAQ SHOO opened at $33.56 on Monday. The company has a market capitalization of $2.93 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.64 and a beta of 0.63. Steven Madden, Ltd. has a 12-month low of $27.77 and a 12-month high of $39.30.

SHOO has been the subject of a number of analyst reports. Loop Capital raised Steven Madden from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, October 30th. Citigroup reduced their price target on Steven Madden from $40.67 to $38.00 and set a “buy” rating for the company in a report on Friday, October 19th. Buckingham Research reduced their target price on Steven Madden to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. ValuEngine raised Steven Madden from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, BidaskClub raised Steven Madden from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.33.

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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, 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, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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

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