Steven Madden (NASDAQ:SHOO) Director Sells $60,950.00 in Stock

Steven Madden, Ltd. (NASDAQ:SHOOGet Free Report) Director Arian Simone Reed sold 1,250 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at $399,636.96. This represents a 13.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Arian Simone Reed also recently made the following trade(s):

  • On Thursday, June 4th, Arian Simone Reed sold 475 shares of Steven Madden stock. The shares were sold at an average price of $43.82, for a total value of $20,814.50.
  • 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 value of $25,900.56.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $48.58 on Friday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 24.41 and a beta of 1.14. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $40.06. Steven Madden, Ltd. has a 52 week low of $24.50 and a 52 week high of $49.70.

Steven Madden (NASDAQ:SHOOGet Free Report) last released its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The firm had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, analysts expect that Steven Madden, Ltd. will post 2.14 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Steven Madden’s payout ratio is currently 42.21%.

Institutional Investors Weigh In On Steven Madden

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock valued at $420,000 after purchasing an additional 257 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Steven Madden by 13.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after purchasing an additional 283 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Steven Madden by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after buying an additional 300 shares during the last quarter. First Horizon Corp boosted its position in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after buying an additional 317 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Steven Madden by 2.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock worth $572,000 after buying an additional 321 shares during the period. 99.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHOO has been the subject of several research reports. Telsey Advisory Group increased their price objective on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Citigroup reiterated a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th. Finally, Williams Trading set a $56.00 price target on Steven Madden in a report on Monday. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.75.

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Steven Madden Company Profile

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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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