Governors Lane LP Purchases New Position in Steven Madden, Ltd. $SHOO

Governors Lane LP acquired a new position in shares of Steven Madden, Ltd. (NASDAQ:SHOO) during the 4th quarter, Holdings Channel reports. The fund acquired 138,400 shares of the textile maker’s stock, valued at approximately $5,763,000.

A number of other institutional investors have also recently bought and sold shares of SHOO. Balyasny Asset Management L.P. bought a new stake in Steven Madden during the 4th quarter worth approximately $15,308,000. Boothbay Fund Management LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at about $446,000. Schonfeld Strategic Advisors LLC acquired a new stake in Steven Madden in the fourth quarter valued at $450,000. AQR Capital Management LLC grew its holdings in Steven Madden by 2.9% during the fourth quarter. AQR Capital Management LLC now owns 201,789 shares of the textile maker’s stock worth $8,402,000 after purchasing an additional 5,629 shares during the period. Finally, Amundi boosted its stake in shares of Steven Madden by 16.7% during the 4th quarter. Amundi now owns 18,208 shares of the textile maker’s stock worth $758,000 after acquiring an additional 2,610 shares during the period. Institutional investors and hedge funds own 99.88% of the company’s stock.

Insider Activity

In related news, insider Christina Ciglar sold 5,147 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total transaction of $230,276.78. Following the completion of the sale, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the sale, the director owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,270 shares of company stock valued at $276,992 in the last ninety days. 2.21% of the stock is currently owned by company insiders.

Steven Madden Trading Down 4.0%

Shares of SHOO stock opened at $42.84 on Thursday. The stock has a market cap of $3.13 billion, a P/E ratio of 40.80 and a beta of 1.15. Steven Madden, Ltd. has a 1 year low of $22.26 and a 1 year high of $47.10. 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 stock has a 50 day simple moving average of $40.65 and a 200 day simple moving average of $40.09.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, research analysts predict that Steven Madden, Ltd. will post 2.09 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 Friday, June 19th. Investors of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SHOO shares. UBS Group restated a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Williams Trading set a $48.00 target price on Steven Madden in a research note on Tuesday, March 10th. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Thursday, June 4th. Zacks Research upgraded Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, three have issued 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 $45.13.

Steven Madden Profile

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.