Steven Madden Ltd. (NASDAQ:SHOO) shares saw unusually-high trading volume on Monday . Approximately 716,529 shares traded hands during trading, an increase of 83% from the previous session’s volume of 391,674 shares.The stock last traded at $35.21 and had previously closed at $35.02.

SHOO has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research report on Wednesday, April 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price objective on shares of Steven Madden in a research report on Wednesday, April 20th. Jefferies Group reaffirmed a “buy” rating on shares of Steven Madden in a research report on Sunday, April 24th. Sterne Agee CRT reaffirmed a “buy” rating and set a $45.00 price objective on shares of Steven Madden in a research report on Friday, April 22nd. Finally, Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.70.

The company has a market capitalization of $2.20 billion and a P/E ratio of 19.12. The stock’s 50-day moving average is $34.74 and its 200-day moving average is $34.42.

In related news, Director Rose Peabody Lynch sold 1,722 shares of Steven Madden 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 approximately $240,173.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors have bought and sold shares of SHOO. New York State Common Retirement Fund raised its position in 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 valued at $1,863,000 after buying an additional 2,900 shares during the last quarter. Rhumbline Advisers raised its position in Steven Madden by 8.4% in the fourth quarter. Rhumbline Advisers now owns 73,027 shares of the company’s stock valued at $2,207,000 after buying an additional 5,650 shares during the last quarter. US Bancorp DE raised its position in Steven Madden by 24.9% in the fourth quarter. US Bancorp DE now owns 40,560 shares of the company’s stock valued at $1,226,000 after buying an additional 8,074 shares during the last quarter. Principal Financial Group Inc. raised its position in Steven Madden by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 382,556 shares of the company’s stock valued at $11,561,000 after buying an additional 17,050 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Steven Madden during the fourth quarter valued at $1,892,000.

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