Steven Madden, Ltd. (NASDAQ:SHOO) President Amelia Varela sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $42.78, for a total transaction of $1,069,500.00. Following the sale, the president now directly owns 113,007 shares of the company’s stock, valued at approximately $4,834,439.46. The sale was disclosed in a filing with the SEC, which is available at this link.

Steven Madden, Ltd. (NASDAQ:SHOO) traded down $0.30 during trading hours on Thursday, reaching $42.75. 777,884 shares of the company’s stock traded hands, compared to its average volume of 500,072. The firm has a market cap of $2,540.00, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.55 and a beta of 0.48. Steven Madden, Ltd. has a 12 month low of $33.50 and a 12 month high of $44.40.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $441.19 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.74 EPS. analysts forecast that Steven Madden, Ltd. will post 2.21 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in shares of Steven Madden by 97.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock worth $102,000 after acquiring an additional 1,262 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Steven Madden by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock worth $143,000 after acquiring an additional 60 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Steven Madden in the 3rd quarter worth approximately $158,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Steven Madden by 9.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after acquiring an additional 403 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Steven Madden by 3,804.2% in the 2nd quarter. IFP Advisors Inc now owns 4,607 shares of the textile maker’s stock worth $184,000 after acquiring an additional 4,489 shares during the last quarter. Hedge funds and other institutional investors own 92.99% of the company’s stock.

Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity set a $47.00 price objective on shares of Steven Madden and gave the company a “buy” rating in a research note on Thursday. Buckingham Research upped their price objective on shares of Steven Madden from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $39.00 target price (up from $37.00) on shares of Steven Madden in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Steven Madden presently has a consensus rating of “Buy” and an average price target of $44.71.

WARNING: “Steven Madden, Ltd. (SHOO) President Amelia Varela Sells 25,000 Shares” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/30/steven-madden-ltd-shoo-president-amelia-varela-sells-25000-shares.html.

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)

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 MarketBeat.com's FREE daily email newsletter.