On September 4, 2024, Maria Kumar, a Director at Steven Madden Ltd (SHOO, Financial), sold 8,646 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 4,400 shares of the company.
Steven Madden Ltd (SHOO, Financial) is a renowned designer and marketer of fashion footwear and accessories for women, men, and children. The company is well-known for its branded and private label products, which are sold through various distribution channels including retail stores, online stores, and department stores across the globe.
Over the past year, Maria Kumar has sold a total of 8,646 shares and has not purchased any shares. This recent sale is part of a broader trend within Steven Madden Ltd, where there have been 11 insider sells and no insider buys over the past year.
Shares of Steven Madden Ltd were trading at $43.99 on the day of the sale. The company has a market cap of approximately $3.19 billion. The price-earnings ratio of the stock is 17.89, which is lower than the industry median of 18.63 and also below the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $43.82, making the stock Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments. The consistent insider selling over the past year could be a point of analysis for potential investors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
