Steven Madden, Ltd. (NASDAQ:SHOO) COO Awadhesh K. Sinha sold 6,500 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total value of $292,695.00. Following the completion of the sale, the chief operating officer now owns 63,383 shares in the company, valued at $2,854,136.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Steven Madden, Ltd. (NASDAQ SHOO) traded down $0.10 during midday trading on Friday, reaching $48.20. The company’s stock had a trading volume of 281,681 shares, compared to its average volume of 468,511. The firm has a market capitalization of $2,850.00, a P/E ratio of 22.95, a PEG ratio of 1.81 and a beta of 0.51. Steven Madden, Ltd. has a 1 year low of $33.50 and a 1 year high of $48.80.
Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $441.19 million for the quarter, compared to the consensus estimate of $441.03 million. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. equities analysts anticipate that Steven Madden, Ltd. will post 2.21 earnings per share for the current fiscal year.
A number of analysts have recently commented on SHOO shares. Zacks Investment Research lowered Steven Madden from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. ValuEngine lowered Steven Madden from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Susquehanna Bancshares restated a “buy” rating and issued a $48.00 price target on shares of Steven Madden in a report on Monday, October 23rd. Canaccord Genuity set a $47.00 price target on Steven Madden and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley set a $47.00 price target on Steven Madden and gave the company a “buy” rating in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Steven Madden currently has a consensus rating of “Buy” and a consensus price target of $48.21.
About Steven Madden
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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