Today, the President of Steven Madden (NASDAQ: SHOO), Amelia Varela, sold shares of SHOO for $5.07M.
Following Amelia Varela’s last SHOO Sell transaction on November 30, 2017, the stock climbed by 8.3%. In addition to Amelia Varela, 2 other SHOO executives 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 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.
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 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Amelia Varela’s trades have generated a -17.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. 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.
