The CMO of Steven Madden (SHOO) is Selling Shares

Today, the CMO of Steven Madden (NASDAQ: SHOO), Frieders Karla, sold shares of SHOO for $398.2K.

Following Frieders Karla’s last SHOO Sell transaction on May 31, 2018, the stock climbed by 4.1%. In addition to Frieders Karla, one other SHOO executive reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on Steven Madden’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $396 million and quarterly net profit of $32.41 million. In comparison, last year the company earned revenue of $374 million and had a net profit of $28.96 million. SHOO’s market cap is $3.32B and the company has a P/E ratio of 25.13. Currently, Steven Madden has an average volume of 105.8K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $59.00, reflecting a 3.7% upside.

The insider sentiment on Steven Madden has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women’s, men’s, girl’s and children’s footwear.