Insider Selling: Peter Migliorini Unloads 3,147 Shares of Steven Madden Stock (SHOO)
Steven Madden (NASDAQ:SHOO) Director Peter Migliorini sold 3,147 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.33, for a total transaction of $108,036.51. Following the transaction, the director now directly owns 3,147 shares in the company, valued at approximately $108,037. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Steven Madden (NASDAQ:SHOO) traded up 0.75% on Monday, hitting $34.72. 510,496 shares of the company’s stock traded hands. Steven Madden has a 1-year low of $30.20 and a 1-year high of $39.48. The stock has a 50-day moving average of $33.43 and a 200-day moving average of $34.08. The company has a market cap of $2.266 billion and a P/E ratio of 17.16.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $313.50 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Steven Madden will post $2.02 earnings per share for the current fiscal year.
SHOO has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Steven Madden from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $40.00 price target on the stock, up previously from $34.00. Separately, analysts at Citigroup Inc. downgraded shares of Steven Madden from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $35.00 price target on the stock, down previously from $40.00. Finally, analysts at Wedbush cut their price target on shares of Steven Madden from $36.00 to $34.00 in a research note on Friday, August 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Steven Madden currently has a consensus rating of “Buy” and an average target price of $39.67.
Steven Madden, Ltd. designs, sources, markets and sells name brand and private label footwear for women, men and children and name brand and private label fashion handbags and accessories.
Receive News & Ratings for Steven Madden Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steven Madden Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.