BlackRock Amends Steven Madden Stake, Files 16th SC 13G/A
Ticker: SHOO · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 913241
| Field | Detail |
|---|---|
| Company | Steven Madden, Ltd. (SHOO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Steven Madden stake, still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership stake in STEVEN MADDEN, LTD. as of December 31, 2023. This amendment, the 16th for BlackRock regarding Steven Madden, shows that BlackRock continues to be a significant institutional investor in the footwear company. For investors, this filing confirms BlackRock's ongoing interest and substantial, albeit potentially adjusted, holding in STEVEN MADDEN, LTD., which can be seen as a vote of confidence from a major asset manager.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant position in STEVEN MADDEN, LTD., signaling their ongoing belief in the company's value.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which could be interpreted as a long-term positive signal, but should also review the full filing for specific changes in ownership percentage to gauge the exact sentiment.
Key Numbers
- 16 — Amendment Number (This is the 16th amendment to BlackRock's Schedule 13G filing for STEVEN MADDEN, LTD.)
- 556269108 — CUSIP Number (Identifies the Common Stock of STEVEN MADDEN, LTD.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- STEVEN MADDEN, LTD. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant institutional stake in STEVEN MADDEN, LTD. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company of this filing?
The subject company is STEVEN MADDEN, LTD., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STEVEN MADDEN, LTD.' and 'STEVEN MADDEN LTD (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
How many amendments has BlackRock Inc. filed for STEVEN MADDEN, LTD. regarding this Schedule 13G?
This is the 16th amendment, as indicated by '(Amendment No: 16)' on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding STEVEN MADDEN, LTD. (SHOO).