Steven Madden (NASDAQ:SHOO) Insider Christina Ciglar Sells 5,147 Shares

Steven Madden, Ltd. (NASDAQ:SHOOGet Free Report) insider Christina Ciglar sold 5,147 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider directly owned 35,200 shares in the company, valued at $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Madden Price Performance

Steven Madden stock opened at $44.23 on Thursday. Steven Madden, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.88. The stock has a market capitalization of $3.23 billion, a P/E ratio of 42.12 and a beta of 1.15. The firm’s 50-day moving average is $39.57 and its two-hundred day moving average is $39.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42.

Steven Madden (NASDAQ:SHOOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $653.10 million for 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 company’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities analysts predict that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHOO shares. Needham & Company LLC increased their price objective 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. Williams Trading set a $48.00 price objective on shares of Steven Madden in a report on Tuesday, March 10th. BTIG Research restated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a report on Thursday, June 4th. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 price target on shares of Steven Madden in a report on Thursday, February 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.88.

Get Our Latest Stock Analysis on Steven Madden

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SHOO. AQR Capital Management LLC purchased a new position in Steven Madden in the first quarter valued at approximately $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Steven Madden by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after purchasing an additional 1,437 shares during the period. Millennium Management LLC raised its stake 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 purchasing an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Steven Madden by 5.5% during the first 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 during the period. Finally, Jane Street Group LLC raised its stake in shares of Steven Madden by 273.1% during the first 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 during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

(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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