Steven Madden Ltd. (NASDAQ:SHOO) President Amelia Varela sold 8,000 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $39.83, for a total value of $318,640.00. Following the sale, the president now owns 161,409 shares of the company’s stock, valued at approximately $6,428,920.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Steven Madden Ltd. (NASDAQ:SHOO) opened at 38.50 on Wednesday. Steven Madden Ltd. has a 52-week low of $27.80 and a 52-week high of $40.55. The firm has a market capitalization of $2.33 billion, a P/E ratio of 19.55 and a beta of 0.52. The firm’s 50-day moving average is $35.07 and its 200 day moving average is $34.67.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $408.40 million for the quarter, compared to analysts’ expectations of $404.58 million. Steven Madden had a net margin of 8.11% and a return on equity of 16.26%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Equities analysts anticipate that Steven Madden Ltd. will post $2.02 EPS for the current year.

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

Several analysts have issued reports on the stock. B. Riley reissued a “neutral” rating and set a $40.00 target price on shares of Steven Madden in a research note on Wednesday, November 2nd. Zacks Investment Research downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group set a $40.00 target price on shares of Steven Madden and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Telsey Advisory Group cut their target price on shares of Steven Madden from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. Finally, Piper Jaffray Cos. reissued a “hold” rating and set a $34.00 target price on shares of Steven Madden in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.20.

Several institutional investors have recently made changes to their positions in SHOO. Capstone Asset Management Co. boosted its position in shares of Steven Madden by 0.4% in the second quarter. Capstone Asset Management Co. now owns 16,938 shares of the company’s stock worth $579,000 after buying an additional 70 shares in the last quarter. Ken Stern & Associates Inc. boosted its position in shares of Steven Madden by 2.1% in the second quarter. Ken Stern & Associates Inc. now owns 8,587 shares of the company’s stock worth $294,000 after buying an additional 175 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Steven Madden by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,710 shares of the company’s stock worth $543,000 after buying an additional 200 shares in the last quarter. PineBridge Investments L.P. boosted its position in shares of Steven Madden by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,057 shares of the company’s stock worth $241,000 after buying an additional 261 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Steven Madden by 1.0% in the second quarter. First Trust Advisors LP now owns 27,099 shares of the company’s stock worth $926,000 after buying an additional 275 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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