A number of other equities analysts also recently weighed in on SHOO. Zacks Investment Research downgraded shares of Steven Madden from a buy rating to a hold rating in a research note on Thursday, September 14th. ValuEngine downgraded shares of Steven Madden from a buy rating to a hold rating in a research note on Thursday, October 5th. Susquehanna Bancshares reissued a buy rating and set a $48.00 target price on shares of Steven Madden in a research note on Monday, October 23rd. B. Riley set a $47.00 target price on shares of Steven Madden and gave the stock a buy rating in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Steven Madden and gave the stock a buy rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $48.41.
Shares of Steven Madden (NASDAQ SHOO) traded up $0.20 during midday trading on Friday, reaching $47.20. 331,900 shares of the company were exchanged, compared to its average volume of 526,383. Steven Madden has a fifty-two week low of $33.50 and a fifty-two week high of $47.55. The company has a market capitalization of $2,800.00, a P/E ratio of 22.48, a PEG ratio of 1.81 and a beta of 0.51.
In other Steven Madden news, COO Awadhesh K. Sinha sold 6,500 shares of the firm’s stock in a transaction on 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 directly owns 63,383 shares in the company, valued at $2,854,136.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard P. Randall sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total transaction of $76,100.00. Following the completion of the sale, the director now owns 22,809 shares of the company’s stock, valued at $867,882.45. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $1,460,100 over the last 90 days. Corporate insiders own 2.06% of the company’s stock.
A number of large investors have recently bought and sold shares of SHOO. Riverhead Capital Management LLC grew its holdings in shares of Steven Madden by 97.1% during the second quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock valued at $102,000 after buying an additional 1,262 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Steven Madden during the third quarter valued at about $158,000. First Quadrant L P CA acquired a new position in shares of Steven Madden during the third quarter valued at about $191,000. Public Employees Retirement System of Ohio grew its holdings in shares of Steven Madden by 9.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,990 shares of the textile maker’s stock valued at $199,000 after buying an additional 415 shares during the last quarter. Finally, Worth Venture Partners LLC acquired a new position in shares of Steven Madden during the third quarter valued at about $205,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
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Steven Madden Company Profile
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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