Steven Madden, Ltd. (SHOO) To Go Ex-Dividend on June 8th

Steven Madden, Ltd. (NASDAQ:SHOOGet Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.21 per share by the textile maker on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 8th.

Steven Madden has raised its dividend by an average of 0.4%per year over the last three years. Steven Madden has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Steven Madden to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 30.1%.

Steven Madden Stock Down 0.9%

Shares of SHOO opened at $44.03 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 41.93 and a beta of 1.15. Steven Madden has a 12-month low of $22.26 and a 12-month 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 firm has a fifty day moving average price of $38.86 and a 200-day moving average price of $39.77.

Steven Madden (NASDAQ:SHOOGet Free Report) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities research analysts expect that Steven Madden will post 2.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the sale, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,723 shares of company stock valued at $167,099 over the last ninety days. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

Hedge funds have recently added to or reduced their stakes in the business. Scopus Asset Management L.P. purchased a new stake in shares of Steven Madden during the third quarter valued at about $36,451,000. Boston Partners purchased a new stake in shares of Steven Madden during the third quarter valued at about $33,319,000. Invesco Ltd. lifted its position in shares of Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after buying an additional 814,318 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in shares of Steven Madden by 155.9% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after buying an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after buying an additional 568,477 shares during the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

About Steven Madden

(Get Free Report)

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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Dividend History for Steven Madden (NASDAQ:SHOO)

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