Steven Madden (NASDAQ:SHOO) Director Arian Simone Reed Sells 648 Shares

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56. Following the completion of the sale, the director owned 8,057 shares in the company, valued at approximately $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $33.44, for a total transaction of $120,384.00.

Steven Madden Price Performance

Shares of Steven Madden stock traded up $0.87 during midday trading on Thursday, hitting $41.35. 1,016,354 shares of the company traded hands, compared to its average volume of 1,339,224. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 39.38 and a beta of 1.12. 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 firm’s fifty day moving average price is $36.44 and its 200-day moving average price is $39.26. Steven Madden, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.88.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company 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 firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, sell-side analysts forecast that Steven Madden, Ltd. will post 2.1 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Steven Madden’s payout ratio is 80.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on SHOO. Jefferies Financial Group lowered shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price target on the stock. in a report on Thursday, February 5th. Needham & Company LLC lifted their price target on Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, April 30th. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.88.

Institutional Trading of Steven Madden

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Steven Madden by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after purchasing an additional 200,013 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Steven Madden by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock valued at $115,613,000 after purchasing an additional 528,829 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Steven Madden by 15.2% in the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after acquiring an additional 367,459 shares during the period. Capital Research Global Investors lifted its stake in shares of Steven Madden by 14.0% in the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after acquiring an additional 334,058 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Steven Madden by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after acquiring an additional 41,947 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

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.