Insider Selling: Steven Madden, Ltd. (SHOO) EVP Sells 500 Shares of Stock
Steven Madden, Ltd. (NASDAQ:SHOO) EVP Michael Paradise sold 500 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $43.61, for a total transaction of $21,805.00. Following the transaction, the executive vice president now owns 8,545 shares in the company, valued at $372,647.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Steven Madden, Ltd. (NASDAQ:SHOO) traded up $0.30 during trading on Wednesday, hitting $43.85. 355,534 shares of the stock were exchanged, compared to its average volume of 502,100. Steven Madden, Ltd. has a one year low of $33.50 and a one year high of $44.40. The company has a market cap of $2,579.86, a P/E ratio of 19.49, a P/E/G ratio of 1.65 and a beta of 0.52.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. During the same quarter last year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts expect that Steven Madden, Ltd. will post 2.21 earnings per share for the current fiscal year.
A number of research analysts have commented on SHOO shares. B. Riley reiterated a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research note on Tuesday, August 8th. Telsey Advisory Group restated an “outperform” rating and issued a $45.00 price target (up from $41.00) on shares of Steven Madden in a research report on Tuesday, August 8th. Canaccord Genuity set a $47.00 price target on shares of Steven Madden and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Wedbush assumed coverage on shares of Steven Madden in a research report on Monday, August 14th. They issued an “outperform” rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.88.
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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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