Steven Madden Ltd. (NASDAQ:SHOO)’s share price fell 5.4% during trading on Tuesday . The company traded as low as $33.05 and last traded at $33.74, with a volume of 1,037,425 shares. The stock had previously closed at $35.65.

A number of brokerages have commented on SHOO. B. Riley reiterated a “buy” rating and issued a $47.00 target price on shares of Steven Madden in a report on Wednesday, April 20th. Canaccord Genuity restated a “buy” rating and set a $42.00 price objective on shares of Steven Madden in a report on Wednesday, April 20th. Sterne Agee CRT restated a “buy” rating and set a $45.00 price objective on shares of Steven Madden in a report on Friday, April 22nd. Piper Jaffray Cos. restated a “hold” rating and set a $36.00 price objective on shares of Steven Madden in a report on Friday, April 22nd. Finally, Zacks Investment Research downgraded shares of Steven Madden from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Steven Madden currently has an average rating of “Hold” and an average price target of $38.70.

The firm has a market cap of $2.07 billion and a P/E ratio of 17.97. The firm has a 50-day moving average of $34.74 and a 200 day moving average of $34.42.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Tuesday, August 2nd. The company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business earned $325.40 million during the quarter, compared to analyst estimates of $329.54 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Steven Madden Ltd. will post $2.01 earnings per share for the current year.

In related news, Director Rose Peabody Lynch sold 1,722 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 6,994 shares in the company, valued at $240,173.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have added to or reduced their stakes in the stock. 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. New York State Common Retirement Fund raised 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 valued at $1,863,000 after buying an additional 2,900 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Steven Madden during the fourth quarter valued at approximately $1,892,000. Rhumbline Advisers raised its stake in shares of 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 in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Steven Madden by 39.4% in the fourth quarter. Systematic Financial Management LP now owns 276,549 shares of the company’s stock valued at $8,357,000 after buying an additional 78,172 shares in the last quarter.

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