President Varela sold 15,000 SHOO shares at $42.59 (Dec 1); stock now $41.70, down 9.7% from 52-week high.
Amelia Varela, President of Steven Madden, sold 15,000 shares for $638,838.00, reducing her stake by 7.2% to 194,417 shares. The sale occurred at $42.59, a price near current levels but notably below the 52-week high of $46.18. While the stock has rallied 23.0% over 30 days and 43.2% over 90 days—and fundamentals show 15.2% annual revenue growth and robust quarterly net income of $20,528,000.00—the company trades at a 48.49 P/E ratio, suggesting elevated valuation. A president's discretionary sale of this magnitude warrants monitoring for shifts in insider positioning relative to the stock's momentum and valuation multiple.