Awadhesh K. Sinha Sells 6,500 Shares of Steven Madden, Ltd. (SHOO) Stock
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.
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.
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