Shares of Steven Madden Ltd. (NASDAQ:SHOO) dropped 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. The stock had previously closed at $36.29.

A number of analysts recently commented on the company. BB&T Corp. reaffirmed a “hold” rating on shares of Steven Madden in a research report on Saturday, June 11th. Zacks Investment Research downgraded Steven Madden from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price target on shares of Steven Madden in a research report on Wednesday, June 8th. Jefferies Group reaffirmed a “buy” rating on shares of Steven Madden in a research report on Thursday, March 31st. Finally, Piper Jaffray Cos. downgraded Steven Madden from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $36.00 in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.40.

The firm’s 50-day moving average is $34.57 and its 200 day moving average is $34.08. The stock has a market capitalization of $2.18 billion and a price-to-earnings ratio of 18.93.

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

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

Other hedge funds recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Steven Madden by 24.9% in the fourth quarter. US Bancorp DE now owns 40,560 shares of the company’s stock worth $1,226,000 after buying an additional 8,074 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Steven Madden during the fourth quarter worth approximately $1,497,000. State Board of Administration of Florida Retirement System boosted its stake in shares of 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 in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Steven Madden by 4.9% in the fourth quarter. New York State Common Retirement Fund now owns 61,655 shares of the company’s stock worth $1,863,000 after buying an additional 2,900 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Steven Madden during the fourth quarter worth approximately $1,892,000.

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