Steven Madden Ltd. (NASDAQ:SHOO) CFO Arvind Dharia sold 15,000 shares of Steven Madden stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $40.06, for a total value of $600,900.00. Following the transaction, the chief financial officer now owns 86,662 shares of the company’s stock, valued at approximately $3,471,679.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arvind Dharia also recently made the following trade(s):

  • On Wednesday, November 9th, Arvind Dharia sold 20,000 shares of Steven Madden stock. The shares were sold at an average price of $37.15, for a total value of $743,000.00.

Steven Madden Ltd. (NASDAQ:SHOO) opened at 37.65 on Thursday. The stock’s 50 day moving average price is $35.14 and its 200 day moving average price is $34.69. Steven Madden Ltd. has a one year low of $27.80 and a one year high of $40.55. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.12 and a beta of 0.52.

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

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

A number of research firms have recently commented on SHOO. Piper Jaffray Cos. restated a “hold” rating and set a $34.00 target price on shares of Steven Madden in a research report on Friday, July 29th. Zacks Investment Research upgraded Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Steven Madden in a research report on Thursday, November 3rd. B. Riley restated a “neutral” rating and set a $40.00 target price on shares of Steven Madden in a research report on Wednesday, November 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $40.00 target price on shares of Steven Madden in a research report on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOO. BlackRock Inc. boosted its position in Steven Madden by 124.0% in the first quarter. BlackRock Inc. now owns 3,805 shares of the company’s stock valued at $140,000 after buying an additional 2,106 shares in the last quarter. State Street Corp boosted its position in Steven Madden by 0.9% in the first quarter. State Street Corp now owns 1,161,844 shares of the company’s stock valued at $43,032,000 after buying an additional 9,935 shares in the last quarter. UBS Group AG boosted its position in Steven Madden by 14.6% in the first quarter. UBS Group AG now owns 21,052 shares of the company’s stock valued at $779,000 after buying an additional 2,686 shares in the last quarter. Geode Capital Management LLC boosted its position in Steven Madden by 4.6% in the first quarter. Geode Capital Management LLC now owns 397,483 shares of the company’s stock valued at $14,722,000 after buying an additional 17,379 shares in the last quarter. Finally, Springbok Capital Management LLC purchased a new position in Steven Madden during the first quarter valued at about $333,000. 94.39% of the stock is owned by hedge funds and other institutional investors.

About Steven Madden

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