Today, the President of Steven Madden (NASDAQ: SHOO), Amelia Varela, bought shares of SHOO for $3.26M.
Following this transaction Amelia Varela’s holding in the company was increased by 92.52% to a total of $5.5 million. This is Varela’s first Buy trade following 12 Sell transactions.
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Based on Steven Madden’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $389 million and quarterly net profit of $28.67 million. In comparison, last year the company earned revenue of $366 million and had a net profit of $20.16 million. SHOO’s market cap is $2.97B and the company has a P/E ratio of 23.11. Currently, Steven Madden has an average volume of 138.4K.
13 different firms, including Auriga and B.Riley FBR, currently also have a Buy rating on the stock. Starting in April 2018, SHOO received 6 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $55.00, reflecting a -7.4% downside.
In the last 30 days, insiders have sold $5.52M worth of SHOO shares and purchased $3.26M worth of SHOO shares. The insider sentiment on Steven Madden has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
