Insider Selling: Steven Madden, Ltd. (NASDAQ:SHOO) CFO Sells 7,500 Shares of Stock

Steven Madden, Ltd. (NASDAQ:SHOO) CFO Arvind Dharia sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $36.30, for a total transaction of $272,250.00. Following the completion of the transaction, the chief financial officer now owns 102,107 shares of the company’s stock, valued at $3,706,484.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of SHOO traded down $0.12 during mid-day trading on Thursday, hitting $36.11. 678,024 shares of the company traded hands, compared to its average volume of 591,903. Steven Madden, Ltd. has a 1-year low of $27.88 and a 1-year high of $39.12. The company has a market capitalization of $3.07 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The business has a 50 day moving average of $32.07 and a 200 day moving average of $32.73.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, July 30th. The textile maker reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Steven Madden had a net margin of 8.07% and a return on equity of 19.90%. The firm had revenue of $444.97 million for the quarter, compared to the consensus estimate of $420.40 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Steven Madden, Ltd. will post 1.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.55%. Steven Madden’s dividend payout ratio (DPR) is currently 30.60%.

A number of equities analysts have commented on SHOO shares. ValuEngine downgraded shares of Steven Madden from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. BidaskClub upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $36.00 target price (down from $38.00) on shares of Steven Madden in a report on Thursday, June 6th. Zacks Investment Research downgraded shares of Steven Madden from a “hold” rating to a “sell” rating and set a $35.00 target price for the company. in a report on Thursday, July 18th. Finally, B. Riley set a $42.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.80.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Steven Madden by 1,100.0% during the first quarter. Quadrant Capital Group LLC now owns 804 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 737 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Steven Madden during the second quarter valued at about $39,000. Manchester Capital Management LLC acquired a new position in shares of Steven Madden during the first quarter valued at about $69,000. Miles Capital Inc. acquired a new position in shares of Steven Madden during the first quarter valued at about $211,000. Finally, Paloma Partners Management Co purchased a new stake in Steven Madden in the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 96.69% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.

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

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