Steven Madden, Ltd. (NASDAQ:SHOO) COO Awadhesh K. Sinha sold 6,500 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $45.03, for a total transaction of $292,695.00. Following the completion of the sale, the chief operating officer now owns 63,383 shares in the company, valued at $2,854,136.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Steven Madden, Ltd. (NASDAQ SHOO) traded up $0.85 during trading hours on Tuesday, reaching $45.00. 548,800 shares of the company’s stock were exchanged, compared to its average volume of 501,775. The stock has a market capitalization of $2,609.41, a P/E ratio of 19.71, a P/E/G ratio of 1.66 and a beta of 0.52. Steven Madden, Ltd. has a 12 month low of $33.50 and a 12 month high of $45.35.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The company had revenue of $441.19 million for the quarter, compared to the consensus estimate of $441.03 million. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. Steven Madden’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. analysts forecast that Steven Madden, Ltd. will post 2.21 EPS for the current year.

Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. raised its stake in shares of Steven Madden by 8.6% in the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after acquiring an additional 193,391 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Steven Madden by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock valued at $73,248,000 after acquiring an additional 37,264 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Steven Madden by 0.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,641,855 shares of the textile maker’s stock valued at $70,681,000 after acquiring an additional 8,679 shares during the period. State Street Corp raised its stake in shares of Steven Madden by 5.2% in the 2nd quarter. State Street Corp now owns 1,505,434 shares of the textile maker’s stock valued at $60,144,000 after acquiring an additional 75,022 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Steven Madden by 2.0% in the 2nd quarter. Royal Bank of Canada now owns 1,177,884 shares of the textile maker’s stock valued at $47,056,000 after acquiring an additional 23,334 shares during the period. 92.98% of the stock is currently owned by institutional investors.

SHOO has been the topic of several research reports. ValuEngine upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Friday, September 1st. Jefferies Group set a $39.00 price target on shares of Steven Madden and gave the company a “hold” rating in a research report on Tuesday, October 31st. Susquehanna Bancshares reiterated a “buy” rating and issued a $48.00 price target on shares of Steven Madden in a research report on Monday, October 23rd. Finally, Telsey Advisory Group reduced their price objective on shares of Steven Madden from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Steven Madden currently has an average rating of “Buy” and a consensus price target of $45.86.

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About Steven Madden

Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.

Insider Buying and Selling by Quarter for Steven Madden (NASDAQ:SHOO)

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