Steven Madden, Ltd. (NASDAQ:SHOO – Get Free Report) Director Arian Simone Reed sold 648 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the sale, the director owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Arian Simone Reed also recently made the following trade(s):
- On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The stock was sold at an average price of $33.44, for a total transaction of $120,384.00.
Steven Madden Trading Up 2.1%
SHOO opened at $41.35 on Friday. The company’s 50 day moving average is $36.57 and its 200-day moving average is $39.31. Steven Madden, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.88. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.02 billion, a P/E ratio of 39.38 and a beta of 1.12.
Steven Madden Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Williams Trading set a $48.00 price target on shares of Steven Madden in a research report on Tuesday, March 10th. Finally, Needham & Company LLC lifted their price target on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.88.
Check Out Our Latest Stock Analysis on SHOO
Hedge Funds Weigh In On Steven Madden
A number of hedge funds have recently modified their holdings of SHOO. AQR Capital Management LLC acquired a new position in shares of Steven Madden during the first quarter worth $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after purchasing an additional 1,437 shares during the period. Millennium Management LLC lifted its position in shares of Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after purchasing an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Steven Madden by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after purchasing an additional 10,603 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Steven Madden by 273.1% in the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock worth $4,196,000 after purchasing an additional 115,284 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.
About Steven Madden
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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