Steven Madden Ltd. (NASDAQ:SHOO) Director Peter Migliorini sold 2,592 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $38.96, for a total value of $100,984.32. Following the transaction, the director now directly owns 2,977 shares of the company’s stock, valued at $115,983.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Steven Madden Ltd. (NASDAQ:SHOO) opened at 38.00 on Friday. The firm’s 50-day moving average price is $35.23 and its 200-day moving average price is $34.72. Steven Madden Ltd. has a 52-week low of $27.80 and a 52-week high of $40.55. The stock has a market cap of $2.30 billion, a P/E ratio of 19.30 and a beta of 0.52.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Tuesday, November 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm 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 revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Equities analysts predict 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 equities research analysts have issued reports on SHOO shares. Zacks Investment Research downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley restated a “neutral” rating and set a $40.00 target price on shares of Steven Madden in a research report on Monday, November 7th. 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. Susquehanna started coverage on Steven Madden in a research report on Friday, August 12th. They set a “positive” rating and a $42.00 target price on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.40.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Steven Madden by 124.0% in the first quarter. BlackRock Inc. now owns 3,805 shares of the company’s stock worth $140,000 after buying an additional 2,106 shares during the period. State Street Corp raised its stake in Steven Madden by 0.9% in the first quarter. State Street Corp now owns 1,161,844 shares of the company’s stock worth $43,032,000 after buying an additional 9,935 shares during the period. UBS Group AG raised its stake in Steven Madden by 14.6% in the first quarter. UBS Group AG now owns 21,052 shares of the company’s stock worth $779,000 after buying an additional 2,686 shares during the period. Geode Capital Management LLC raised its stake in Steven Madden by 4.6% in the first quarter. Geode Capital Management LLC now owns 397,483 shares of the company’s stock worth $14,722,000 after buying an additional 17,379 shares during the period. Finally, Springbok Capital Management LLC purchased a new stake in Steven Madden during the first quarter worth $333,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.

Steven Madden Company Profile

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