Today’s Shorts Alert: Today Steven Madden Limited (NASDAQ:SHOO) Reported Increase in Shorted Shares

November 16, 2016 - By kentuckypostne   ·   0 Comments

Today's Shorts Alert: Today Steven Madden Limited (NASDAQ:SHOO) Reported Increase in Shorted Shares

The stock of Steven Madden Limited (NASDAQ:SHOO) registered an increase of 5.78% in short interest. SHOO’s total short interest was 2.70M shares in November as published by FINRA. Its up 5.78% from 2.55 million shares, reported previously. With 347,100 shares average volume, it will take short sellers 8 days to cover their SHOO’s short positions. The short interest to Steven Madden Limited’s float is 5.22%. The stock decreased 3.27% or $1.3 during the last trading session, hitting $38.5. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 7.60% since April 14, 2016 and is uptrending. It has outperformed by 2.92% the S&P500.

Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children. The company has a market cap of $2.35 billion.

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.02, from 1.02 in 2016Q1. The ratio is positive, as 22 funds sold all Steven Madden, Ltd. shares owned while 59 reduced positions. 19 funds bought stakes while 65 increased positions. They now own 54.33 million shares or 5.41% less from 57.44 million shares in 2016Q1.
Morgan Stanley accumulated 0% or 174,585 shares. Neumeier Poma Invest Counsel Ltd Llc last reported 497,958 shares in the company. Rs Management Co Llc accumulated 872,660 shares or 0.31% of the stock. Verition Fund Mgmt Ltd Liability has 0.04% invested in the company for 8,155 shares. Aqr Capital Management Ltd Llc accumulated 17,653 shares or 0% of the stock. Blackrock has invested 0% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). Moreover, Stevens First Principles Advisors has 0% invested in Steven Madden, Ltd. (NASDAQ:SHOO) for 37 shares. Bnp Paribas Arbitrage has 0% invested in the company for 19,300 shares. Airain holds 0.06% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO) for 30,083 shares. Rhumbline Advisers last reported 0.01% of its portfolio in the stock. Macquarie Grp Ltd last reported 0.1% of its portfolio in the stock. Kcg has 0.01% invested in the company for 14,081 shares. Cs Mckee Lp last reported 27,675 shares in the company. Legal & General Group Public Ltd Com, a United Kingdom-based fund reported 13,578 shares. Bank & Trust Of America Corporation De holds 264,744 shares or 0% of its portfolio.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 8 sales for $4.23 million net activity. Shares for $100,984 were sold by MIGLIORINI PETER on Tuesday, November 15. On Wednesday, August 17 Randall Richard P sold $110,406 worth of the stock or 3,125 shares. Another trade for 18,750 shares valued at $732,000 was made by SINHA AWADHESH K on Thursday, November 10. On Friday, November 11 the insider Frieders Karla sold $1.56 million. 20,000 shares with value of $743,000 were sold by DHARIA ARVIND on Wednesday, November 9. VARELA AMELIA had sold 8,000 shares worth $318,640 on Thursday, November 10.

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

Out of 8 analysts covering Steven Madden (NASDAQ:SHOO), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Steven Madden has been the topic of 15 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was downgraded by Zacks. The rating was maintained by Telsey Advisory Group with “Outperform” on Tuesday, January 12. The firm has “Buy” rating given on Monday, August 24 by Canaccord Genuity. On Thursday, February 18 the stock rating was initiated by Jefferies with “Buy”. On Thursday, October 1 the stock rating was upgraded by Taglich to “Outperform”. The firm earned “Buy” rating on Wednesday, August 19 by Piper Jaffray. The stock has “Outperform” rating given by Telsey Advisory Group on Thursday, February 25. As per Monday, July 18, the company rating was downgraded by Buckingham Research. Susquehanna initiated the stock with “Positive” rating in Friday, August 12 report. The company was upgraded on Thursday, October 1 by Telsey Advisory Group.

SHOO Company Profile

Steven Madden, Ltd., incorporated on November 10, 1998, and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children. The Firm operates through five divisions: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. The Firm designs, sources, markets and sells name brand and private label handbags and accessories, and licenses some of its trademarks for use in connection with the manufacture, marketing and sale of various products of its licensees. The Company’s products are sold through its retail stores and e-commerce Websites, as well as department stores, specialty stores, luxury retailers, value priced retailers, national chains, merchants and catalog retailers throughout the United States, Canada, Mexico and South Africa. In addition, the Company sells its products in Asia, Australia, Europe, India, the Middle East, South and Central America and New Zealand. It provides merchandising support to its department store customers, including in-store fixtures and signage, supervision of displays and merchandising of its various product lines. The Company’s subsidiaries include Steven Madden Retail, Inc. and BA Brand Holdings LLC.

More news for Steven Madden, Ltd. (NASDAQ:SHOO) were recently published by: Streetinsider.com, which released: “Form 4 STEVEN MADDEN, LTD. For: Nov 15 Filed by: MIGLIORINI PETER” on November 15, 2016. Marketwatch.com‘s article titled: “Steven Madden stock price target cut to $40 from $47 at B. Riley” and published on December 22, 2009 is yet another important article.

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