Steven Madden, Ltd. (NASDAQ:SHOO – Get Free Report) Director Arian Simone Reed sold 475 shares of Steven Madden stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $43.82, for a total transaction of $20,814.50. Following the transaction, the director directly owned 10,546 shares in the company, valued at $462,125.72. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Arian Simone Reed also recently made the following trade(s):
- On Wednesday, May 20th, Arian Simone Reed sold 648 shares of Steven Madden stock. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56.
- On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The shares were sold at an average price of $33.44, for a total transaction of $120,384.00.
Steven Madden Price Performance
SHOO stock opened at $44.03 on Friday. Steven Madden, Ltd. has a one year low of $22.26 and a one year high of $46.88. The company’s fifty day moving average price is $38.86 and its 200-day moving average price is $39.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23. The company has a market capitalization of $3.22 billion, a PE ratio of 41.93 and a beta of 1.15.
Steven Madden Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio is presently 80.00%.
Hedge Funds Weigh In On Steven Madden
Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of Steven Madden during the 1st quarter worth approximately $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $1,143,000 after acquiring an additional 1,437 shares during the period. Millennium Management LLC lifted its holdings in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after purchasing an additional 568,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 valued at $5,388,000 after purchasing an additional 10,603 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Steven Madden by 273.1% in the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after purchasing an additional 115,284 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SHOO. Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Needham & Company LLC upped 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. Finally, UBS Group reaffirmed a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.88.
Check Out Our Latest Research Report on Steven Madden
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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