• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Stock Market

Steven Madden director Peter Allan Davis sells $22,696 in stock By Investing.com todayheadline

November 25, 2024
in Stock Market
Reading Time: 3 mins read
A A
0
Comfort Systems USA's COO sells $1.94 million in stock By Investing.com
1
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Peter Allan Davis, a director at Steven Madden , Ltd. (NASDAQ:), has sold 500 shares of the company’s common stock. The transaction, which took place on November 25, 2024, was executed at a price of $45.393 per share, amounting to a total value of $22,696. Following this sale, Davis holds 7,757 shares of Steven Madden stock. The sale was disclosed in a recent SEC filing.

In other recent news, Steven Madden Limited exhibited strong growth in the third quarter of 2024, with a revenue increase of 13% to $624.7 million. This surge was primarily driven by robust sales in apparel and accessories, especially handbags, and contributions from the newly incorporated Almost Famous brand. Despite a slight dip in wholesale footwear, the overall wholesale revenue saw an uptick, and the company reported a net income of $64.8 million. Steven Madden also revised its 2024 revenue guidance to a 13%-14% increase and anticipates diluted EPS between $2.62 and $2.67.

Recently, Needham initiated coverage on Steven Madden shares with a Hold rating, citing concerns over potential tariffs and challenging macro conditions. The firm highlighted the company’s significant exposure to China-to-U.S. imports, which could be impacted by tariffs. They also pointed out that Steven Madden’s high reliance on these imports compared to other companies under their coverage, combined with challenging macro conditions, is expected to influence demand.

In response to these concerns, Steven Madden is actively working to diversify its supply chain, aiming to reduce reliance on Chinese sourcing by 40%-45%. The company also announced a quarterly dividend of $0.21 per share and plans to continue its store enhancement investments, including the opening of a flagship store in Times Square. These are recent developments that investors will be closely monitoring.

InvestingPro Insights

While Peter Allan Davis’s recent sale of 500 shares might raise eyebrows, it’s important to contextualize this transaction within Steven Madden’s broader financial landscape. According to InvestingPro data, the company boasts a market capitalization of $3.28 billion, suggesting a robust market presence in the footwear and accessories industry.

Steven Madden’s financial health appears solid, with InvestingPro Tips indicating that the company’s liquid assets exceed its short-term obligations and it operates with a moderate level of debt. This financial stability could provide reassurance to investors concerned about the director’s stock sale.

The company’s revenue growth of 14.89% over the last twelve months, coupled with a healthy gross profit margin of 41.27%, demonstrates Steven Madden’s ability to generate sales and maintain profitability in a competitive market. Furthermore, the company’s return on assets of 12.74% suggests efficient use of its resources.

Interestingly, InvestingPro Tips reveal that five analysts have revised their earnings upwards for the upcoming period, potentially signaling positive expectations for the company’s future performance. This optimism is further supported by analysts’ predictions that Steven Madden will remain profitable this year.

For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips that could provide deeper insights into Steven Madden’s investment potential. These additional tips, along with real-time metrics and expert analysis, are available to InvestingPro subscribers, offering a more nuanced understanding of the company’s financial position and market outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


Previous Post

Best Meditation Cushions For Comfort, Support And Mindful Practice

Next Post

Seoul’s Boycott of Sado Mine Tribute Highlights Japan’s Flawed Approach to South Korea – The Diplomat

Related Posts

Analysis-Shaken by crises, Switzerland fetters UBS's global dream

Analysis-Shaken by crises, Switzerland fetters UBS's global dream todayheadline

June 6, 2025
3

Arlo technologies CFO sells shares worth $1.18 million todayheadline

June 6, 2025
9
Next Post
Seoul’s Boycott of Sado Mine Tribute Highlights Japan’s Flawed Approach to South Korea

Seoul’s Boycott of Sado Mine Tribute Highlights Japan’s Flawed Approach to South Korea – The Diplomat

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Tottenham sack Postecoglou despite Europa League win

Tottenham sack Postecoglou despite Europa League win

June 6, 2025

Canadians say it should be hard for a province to leave Canada: poll

June 6, 2025
France says dismantling of weapons sites is job of Lebanese military, not Israel

France says dismantling of weapons sites is job of Lebanese military, not Israel

June 6, 2025
Walmart’s elite army of 6,200 cake decorators are some of America's highest-paid hourly workers

Walmart’s elite army of 6,200 cake decorators are some of America’s highest-paid hourly workers todayheadline

June 6, 2025

Recent News

Tottenham sack Postecoglou despite Europa League win

Tottenham sack Postecoglou despite Europa League win

June 6, 2025
0

Canadians say it should be hard for a province to leave Canada: poll

June 6, 2025
4
France says dismantling of weapons sites is job of Lebanese military, not Israel

France says dismantling of weapons sites is job of Lebanese military, not Israel

June 6, 2025
8
Walmart’s elite army of 6,200 cake decorators are some of America's highest-paid hourly workers

Walmart’s elite army of 6,200 cake decorators are some of America’s highest-paid hourly workers todayheadline

June 6, 2025
8

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Tottenham sack Postecoglou despite Europa League win

Tottenham sack Postecoglou despite Europa League win

June 6, 2025

Canadians say it should be hard for a province to leave Canada: poll

June 6, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co