Steven Madden, Ltd. (NASDAQ:SHOO – Get Free Report) Director Mitchell Klipper sold 3,918 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total transaction of $190,179.72. Following the completion of the transaction, the director directly owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Steven Madden Trading Up 0.7%
Shares of SHOO opened at $48.58 on Friday. The stock has a market capitalization of $3.56 billion, a PE ratio of 24.41 and a beta of 1.14. The company’s fifty day moving average is $43.67 and its 200 day moving average is $40.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. Steven Madden, Ltd. has a fifty-two week low of $24.50 and a fifty-two week high of $49.70.
Steven Madden (NASDAQ:SHOO – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. During the same quarter last year, the business earned $0.20 earnings per share. Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts expect that Steven Madden, Ltd. will post 2.14 earnings per share for the current fiscal year.
Steven Madden Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research report on Monday, July 27th. Needham & Company LLC increased their price target on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.75.
Read Our Latest Research Report on Steven Madden
Institutional Trading of Steven Madden
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHOO. Kingsview Wealth Management LLC purchased a new stake in shares of Steven Madden in the fourth quarter worth approximately $4,201,000. Nicholas Investment Partners LP bought a new stake in shares of Steven Madden during the 4th quarter worth approximately $17,575,000. Legato Capital Management LLC boosted its holdings in Steven Madden by 134.9% during the 4th quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker’s stock valued at $5,940,000 after acquiring an additional 81,922 shares during the period. Louisiana State Employees Retirement System purchased a new position in Steven Madden during the 1st quarter valued at $1,092,000. Finally, Broad Peak Investment Advisers Pte Ltd bought a new position in Steven Madden in the 4th quarter valued at $3,348,000. 99.88% of the stock is owned by hedge funds and other institutional investors.
Steven Madden Company Profile
Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.
Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.
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