Steven Madden, Ltd. (NASDAQ:SHOO) COO Awadhesh K. Sinha sold 10,500 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.00, for a total transaction of $420,000.00. Following the completion of the sale, the chief operating officer now directly owns 66,683 shares of the company’s stock, valued at approximately $2,667,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Steven Madden, Ltd. (NASDAQ SHOO) traded down 0.51% during midday trading on Wednesday, reaching $39.35. 182,783 shares of the company traded hands. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.72 and a beta of 0.39. Steven Madden, Ltd. has a one year low of $32.14 and a one year high of $40.75. The firm has a 50-day moving average price of $38.30 and a 200-day moving average price of $37.22.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Friday, April 21st. The textile maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. Steven Madden had a return on equity of 17.17% and a net margin of 8.17%. The business had revenue of $366.40 million during the quarter, compared to the consensus estimate of $359.52 million. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Steven Madden, Ltd. will post $2.19 EPS for the current fiscal year.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of SHOO. Elkfork Partners LLC increased its position in shares of Steven Madden by 17.5% in the first quarter. Elkfork Partners LLC now owns 2,662 shares of the textile maker’s stock valued at $103,000 after buying an additional 396 shares in the last quarter. TrimTabs Asset Management LLC increased its position in shares of Steven Madden by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 3,023 shares of the textile maker’s stock valued at $117,000 after buying an additional 1,424 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Steven Madden by 17.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,388 shares of the textile maker’s stock valued at $131,000 after buying an additional 504 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Steven Madden during the fourth quarter valued at approximately $154,000. Finally, Glen Harbor Capital Management LLC increased its position in shares of Steven Madden by 17.5% in the first quarter. Glen Harbor Capital Management LLC now owns 4,114 shares of the textile maker’s stock valued at $159,000 after buying an additional 612 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

A number of brokerages have recently issued reports on SHOO. Morgan Stanley boosted their target price on shares of Steven Madden from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Piper Jaffray Companies set a $41.00 target price on shares of Steven Madden and gave the company a “buy” rating in a research report on Wednesday, May 31st. Canaccord Genuity boosted their target price on shares of Steven Madden from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and issued a $37.00 target price on shares of Steven Madden in a research report on Monday, April 3rd. Finally, Citigroup Inc. boosted their target price on shares of Steven Madden from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.

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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