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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.

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