Shares of Steven Madden Ltd. (NASDAQ:SHOO) fell 1.7% during trading on Monday . The stock traded as low as $34.79 and last traded at $35.68, with a volume of 281,201 shares changing hands. The stock had previously closed at $36.29.

Several research firms have recently commented on SHOO. B. Riley reissued a “buy” rating and set a $47.00 price target on shares of Steven Madden in a research note on Monday, April 25th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $34.00 price objective (down from $36.00) on shares of Steven Madden in a research note on Tuesday, May 24th. Jefferies Group reaffirmed a “buy” rating on shares of Steven Madden in a research note on Thursday, March 31st. Zacks Investment Research cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Finally, Buckingham Research cut shares of Steven Madden from a “buy” rating to a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.78.

The company has a market cap of $2.20 billion and a price-to-earnings ratio of 19.09. The company has a 50 day moving average price of $34.55 and a 200 day moving average price of $34.07.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Friday, April 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $329.40 million for the quarter, compared to the consensus estimate of $325.37 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts predict that Steven Madden Ltd. will post $2.01 EPS for the current year.

In other Steven Madden news, Director Rose Peabody Lynch sold 1,722 shares of the company’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $34.34, for a total transaction of $59,133.48. Following the transaction, the director now owns 6,994 shares in the company, valued at $240,173.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Several hedge funds have recently made changes to their positions in SHOO. California State Teachers Retirement System increased its stake in shares of Steven Madden by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 104,259 shares of the company’s stock valued at $3,151,000 after buying an additional 1,673 shares in the last quarter. Boston Partners raised its position in Steven Madden by 163.0% in the fourth quarter. Boston Partners now owns 917,125 shares of the company’s stock worth $27,716,000 after buying an additional 568,402 shares during the period. State Board of Administration of Florida Retirement System raised its position in Steven Madden by 12.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 55,110 shares of the company’s stock worth $1,665,000 after buying an additional 6,169 shares during the period. Engineers Gate Manager LP purchased a new position in Steven Madden during the fourth quarter worth approximately $1,497,000. Finally, Morgan Stanley raised its position in Steven Madden by 538.8% in the fourth quarter. Morgan Stanley now owns 379,668 shares of the company’s stock worth $11,474,000 after buying an additional 320,233 shares during the period.

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