Neumeier Poma Investment Counsel LLC Increased Stake in Steven Madden LTD (SHOO) by $5.98 Million as Shares Declined

May 3, 2018 - By Joshua Cleveland

Steven Madden, Ltd. (NASDAQ:SHOO) Corporate LogoBig Money Sentiment decreased to 1.05 in 2017 Q4. It has change of 0.30, from 2017Q3’s 1.35. The ratio dived due to SHOO positioning: 27 sold and 65 reduced. 30 funds amassed positions and 67 increased positions. Investors holded 53.34 million in 2017Q3 but now own 53.17 million shares or 0.32% less. Monarch Asset Mgmt Ltd Company owns 198,491 shs or 0.87% of their US capital. Ameritas Inv reported 5,084 shs. Kennedy accumulated 0.09% or 103,655 shs. Parametrica Mgmt Ltd has invested 0.2% of its capital in Steven Madden, Ltd. (NASDAQ:SHOO). Cortina Asset Ltd has invested 0.77% of its capital in Steven Madden, Ltd. (NASDAQ:SHOO). Royal Bancorporation Of Canada owns 1.18 million shs or 0.02% of their US capital. Profund Advisors accumulated 8,809 shs or 0.02% of the stock. Goldman Sachs Group Inc holds 691,536 shs or 0.01% of its capital. Comerica Bancorporation has 55,094 shs for 0.02% of their capital. Price T Rowe Assoc Md invested in 0.02% or 2.13 million shs. Barclays Pcl reported 42,093 shs. Texas-based Dimensional Fund Advisors LP has invested 0.03% in Steven Madden, Ltd. (NASDAQ:SHOO). Campbell And Inv Adviser Ltd Liability Co reported 10,006 shs. Swiss Fincl Bank stated it has 90,150 shs or 0% of all its holdings. Janney Montgomery Scott Lc reported 0.01% of its capital in Steven Madden, Ltd. (NASDAQ:SHOO).

SHOO had 3 insider sales and 0 insider purchases since December 18, 2017. This’s net activity of $2.00 million. Rosenfeld Edward R. sold $1.51M worth of Steven Madden, Ltd. (NASDAQ:SHOO) on Thursday, March 15. $292,663 worth of Steven Madden, Ltd. (NASDAQ:SHOO) was sold by SINHA AWADHESH K.

According to 2017Q4 Securities and Exchange filling the Neumeier Poma Investment Counsel Llc upped its holdings in Steven Madden Ltd. (SHOO) by 18.27%. The company’s stock declined 7.53% with the market as Neumeier Poma Investment Counsel Llc bought 130,035 shares. The institutional investor is holding 841,943 shares, compared to the 711,908 from the previous quarter. And the reported value of the consumer non-durables company is $39.32M for the 2017Q4. $2.80 billion is the market cap of Steven Madden Ltd.. SHOO is hitting $47.95 during the last trading session, after decreased 1.54%.Currently Steven Madden, Ltd. is uptrending after 13.16% change in last May 3, 2017. SHOO has also 100,766 shares volume. The stock outperformed the S&P 500 by 1.61%.

Neumeier Poma Investment Counsel Llc manages about $475.08 million and $998.60 million US Long portfolio. Its stake in Bank Of The Ozarks (NASDAQ:OZRK) was decreased by 85,770 shares to 439,615 shares valued at $21.30M in 2017Q4, according to the filing. For a total of 197,270 shares it reduced its holding in Jack Henry & Associates Inc. (NASDAQ:JKHY) by 116,435 shares in the quarter, and has cut its stake in American Woodmark Corp. (NASDAQ:AMWD).

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

Total analysts of 8 have positions in Steven Madden (NASDAQ:SHOO) as follows: 6 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 75%. The firm has $60.0 highest while $45.0 is the lowest target price. The average target $53.13 is 10.80% above the last ($47.95) price. Since November 29, 2017 according to StockzIntelligence Inc Steven Madden has 19 analyst reports. On Tuesday, December 19 the firm has “Buy” rating by Wedbush given. On Thursday, January 11 the rating was maintained by Wells Fargo with “Hold”. On Monday, April 16 the firm earned “Buy” rating by Canaccord Genuity. On Tuesday, January 23 the rating was maintained by Susquehanna with “Buy”. The stock rating was maintained by Jefferies with “Hold” on Tuesday, January 2. On Monday, April 23 the firm has “Buy” rating given by Canaccord Genuity. In Wednesday, February 28 report Canaccord Genuity maintained the stock with “Buy” rating. On Friday, January 19 Jefferies maintained the shares of SHOO in report with “Hold” rating. On Wednesday, April 18 Citigroup reinitiated Steven Madden, Ltd. (NASDAQ:SHOO) rating. Citigroup has “Buy” rating and $5600 target. The company rating was maintained by Citigroup on Tuesday, January 16.

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

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