Steven Madden, Ltd. (NASDAQ:SHOO) Director Richard P. Randall sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total value of $76,100.00. Following the completion of the sale, the director now owns 22,809 shares in the company, valued at $867,882.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) traded up $1.50 during midday trading on Monday, hitting $39.75. The company had a trading volume of 750,700 shares, compared to its average volume of 492,156. The stock has a market capitalization of $2,349.35, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.50 and a beta of 0.48. Steven Madden, Ltd. has a 12-month low of $33.50 and a 12-month high of $44.40.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $441.19 million during the quarter, compared to analyst estimates of $441.03 million. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. Steven Madden’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. equities research analysts predict that Steven Madden, Ltd. will post 2.21 EPS for the current year.

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Several equities research analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 price objective (up from $41.00) on shares of Steven Madden in a research note on Tuesday, August 8th. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, August 18th. B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research note on Tuesday, August 8th. BidaskClub cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC set a $39.00 price objective on Steven Madden and gave the stock a “hold” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.96.

Several hedge funds and other institutional investors have recently made changes to their positions in SHOO. Riverhead Capital Management LLC boosted its holdings in shares of Steven Madden by 97.1% in the second quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 1,262 shares during the period. Meeder Asset Management Inc. purchased a new stake in Steven Madden during the second quarter worth $127,000. First Mercantile Trust Co. lifted its holdings in Steven Madden by 1.7% during the second quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock worth $143,000 after buying an additional 60 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in Steven Madden during the third quarter worth $158,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Steven Madden by 9.7% during the first quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Steven Madden (NASDAQ:SHOO)

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