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Steven Madden: 4 Funds Buying Shares in Third Quarter

December 22 2011 Tweet Email This

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Steven Madden, Ltd. (NASDAQ:SHOO).

SEC data indicate that these institutions significantly increased their stock shares of Steven Madden, Ltd. in Q3 2011:

BUCKINGHAM CAPITAL MANAGEMENT INC/FL: On 06/30/2011, held 0 shares. On 09/30/2011, held 360,000 shares, worth $10,836,000.
NUMERIC INVESTORS LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 151,496 shares, worth $4,560,030.
SCOPUS ASSET MANAGEMENT, L.P.: On 06/30/2011, held 0 shares. On 09/30/2011, held 150,334 shares, worth $4,525,053.
KACELA CAPITAL, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 112,800 shares, worth $3,395,280.

About the company: Steven Madden, Ltd. designs and markets fashion footwear for women. The Company’s shoes are sold through Steve Madden retail stores, department stores, apparel and footwear specialty stores, and online. Steven Madden has licensees, including sportswear and jeans, outerwear, intimate apparel, eyewear, hosiery, and jewelry, and owns and operates a retail store under its David Aaron brand.

Competitors to Watch: Brown Shoe Company, Inc. (NYSE:BWS), Skechers USA, Inc. (NYSE:SKX), Deckers Outdoor Corp. (NASDAQ:DECK), TOD’S SpA (NYSE:TOD), Crocs (NASDAQ:CROX), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN), Macy’s (NYSE:M), Saks (NYSE:SKS), Kenneth Cole Productions (NYSE:KCP), The Timberland Company (NYSE:TBL) and NIKE, Inc. (NYSE:NKE).