Steven Madden, Ltd. (SHOO) Insider Karla Frieders Sells 10,600 Shares of Stock

Steven Madden, Ltd. (NASDAQ:SHOO) insider Karla Frieders sold 10,600 shares of Steven Madden stock in a transaction on Friday, March 17th. The shares were sold at an average price of $37.59, for a total value of $398,454.00. Following the completion of the transaction, the insider now owns 79,269 shares in the company, valued at approximately $2,979,721.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) remained flat at $38.00 during mid-day trading on Monday. The stock had a trading volume of 222,014 shares. Steven Madden, Ltd. has a 12-month low of $31.68 and a 12-month high of $40.55. The stock has a market capitalization of $2.28 billion, a P/E ratio of 18.72 and a beta of 0.43. The firm has a 50 day moving average price of $36.50 and a 200 day moving average price of $36.04.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The firm earned $336.40 million during the quarter, compared to analysts’ expectations of $338.19 million. Steven Madden had a net margin of 8.11% and a return on equity of 16.26%. Steven Madden’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities analysts predict that Steven Madden, Ltd. will post $2.18 EPS for the current year.

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

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A number of large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan boosted its stake in 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 during the period. Public Employees Retirement System of Ohio boosted its stake in Steven Madden by 18.5% in the second quarter. Public Employees Retirement System of Ohio now owns 3,550 shares of the company’s stock worth $121,000 after buying an additional 555 shares during the period. Envestnet Asset Management Inc. boosted its stake in Steven Madden by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,823 shares of the company’s stock worth $208,000 after buying an additional 765 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in Steven Madden by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 144,577 shares of the company’s stock worth $4,997,000 after buying an additional 969 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Steven Madden by 0.9% in the third quarter. California State Teachers Retirement System now owns 130,462 shares of the company’s stock worth $4,509,000 after buying an additional 1,100 shares during the period. Institutional investors own 95.13% of the company’s stock.

SHOO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, March 15th. Piper Jaffray Companies set a $33.00 target price on Steven Madden and gave the company a “hold” rating in a report on Tuesday, January 31st. Citigroup Inc upgraded Steven Madden from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Jefferies Group LLC cut Steven Madden from a “buy” rating to a “hold” rating and set a $37.00 price objective on the stock. in a research note on Tuesday, January 3rd. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $42.00 price objective on shares of Steven Madden in a research note on Tuesday, January 31st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.00.

Steven Madden Company Profile

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