Steven Madden, Ltd. (NASDAQ:SHOO) Director Richard P. Randall sold 500 shares of Steven Madden stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $32.00, for a total transaction of $16,000.00. Following the sale, the director now directly owns 23,570 shares in the company, valued at $754,240. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SHOO traded down $0.33 during trading on Tuesday, hitting $30.71. 21,592 shares of the company traded hands, compared to its average volume of 898,624. The firm has a market cap of $2.80 billion, a P/E ratio of 20.82, a PEG ratio of 1.68 and a beta of 0.66. Steven Madden, Ltd. has a one year low of $26.07 and a one year high of $39.30.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Tuesday, October 30th. The textile maker reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $458.48 million during the quarter, compared to analyst estimates of $472.80 million. Steven Madden had a net margin of 8.79% and a return on equity of 18.05%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts predict that Steven Madden, Ltd. will post 1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 21st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 20th. This represents a $0.56 annualized dividend and a yield of 1.82%. This is a positive change from Steven Madden’s previous quarterly dividend of $0.13. Steven Madden’s dividend payout ratio is presently 35.57%.

A number of research analysts have recently issued reports on the stock. Buckingham Research dropped their price target on shares of Steven Madden to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 17th. Loop Capital reiterated a “hold” rating and set a $36.00 target price on shares of Steven Madden in a research report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Steven Madden from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Citigroup dropped their target price on shares of Steven Madden from $40.67 to $38.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Finally, Canaccord Genuity set a $39.33 target price on shares of Steven Madden and gave the company a “buy” rating in a research report on Monday, July 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $37.52.

Large investors have recently modified their holdings of the business. Raymond James & Associates boosted its position in Steven Madden by 10.4% during the second quarter. Raymond James & Associates now owns 35,285 shares of the textile maker’s stock worth $1,874,000 after purchasing an additional 3,325 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in Steven Madden by 2.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 512,716 shares of the textile maker’s stock worth $27,123,000 after purchasing an additional 13,242 shares during the period. CIBC Asset Management Inc bought a new position in Steven Madden during the second quarter worth about $226,000. SG Americas Securities LLC boosted its position in Steven Madden by 36.6% during the second quarter. SG Americas Securities LLC now owns 40,237 shares of the textile maker’s stock worth $2,137,000 after purchasing an additional 10,782 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Steven Madden by 14.3% during the second quarter. State of Wisconsin Investment Board now owns 200,000 shares of the textile maker’s stock worth $10,620,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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About Steven Madden

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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