The CFO of Steven Madden (NASDAQ: SHOO) is Selling Shares

By Carrie Williams

Today, the CFO of Steven Madden (NASDAQ: SHOO), Arvind Dharia, sold shares of SHOO for $600.9K.

Following Arvind Dharia’s last SHOO Sell transaction on November 09, 2016, the stock climbed by 2.2%. In addition to Arvind Dharia, 2 other SHOO executives reported Sell trades in the last month.

The company has a one year high of $40.55 and a one year low of $27.80. SHOO’s market cap is $2.42B and the company has a P/E ratio of 20.73. Currently, Steven Madden has an average volume of 667.8K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.33, reflecting a 3.1% upside.

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.

Steven Madden Ltd. designs, markets and sells fashion-forward footwear for women, men, and children. The company operates its business through following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. The Wholesale Footwear segment is comprised of the following brands: Steve Madden Women’s, Madden Girl, Steve Madden Men’s, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Report Signature, Superga, Betsey Johnson, Steve Madden Kids, FREEBIRD by Steven, Stevies, Wild Pair, Brian Atwood, B Brian Atwood and includes the International business and certain private label footwear business. The Wholesale Accessories segment designs, sources and markets name brands including: Madden, Steven by Steve Madden, Madden Girl, Betsey Johnson, Betseyville, Big Buddha and private label fashion handbags and accessories to department stores, mass merchants, value priced retailers, online retailers and specialty stores throughout the United States and Canada. The Retail segment owns and operates retail stores, including Steve madden full price stores, Steve Madden outlet stores, Steven store, Superga and e-commerce websites for Steve Madden, Superga, Betsey Johnson, and Dolce Vita. The First Cost segment earns commissions for serving as buying agent for footwear products under private labels for many of the large mass-market merchandisers, shoe chains, and other mid-tier retailers. The Licensing segment engages in the licensing of the Steve Madden and Steven by Steve Madden trademarks for use in connection with the manufacture, marketing, and sale of sunglasses, eyewear, outerwear, bedding, hosiery and women’s fashion apparel, jewelry, watches, and luggage. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.