Steven Madden (NASDAQ:SHOO) Director Arian Simone Reed Sells 475 Shares

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 475 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $43.82, for a total value of $20,814.50. Following the completion of the sale, the director directly owned 10,546 shares of the company’s stock, valued at approximately $462,125.72. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $39.97, for a total value of $25,900.56.
• On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The stock was sold at an average price of $33.44, for a total value of $120,384.00.

Steven Madden Stock Up 1.5%

Shares of Steven Madden stock traded up $0.64 on Thursday, hitting $44.44. The company had a trading volume of 710,144 shares, compared to its average volume of 1,309,654. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 42.32 and a beta of 1.15. Steven Madden, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.88. The stock has a 50 day moving average of $38.44 and a 200-day moving average of $39.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $653.10 million during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.60 earnings per share. 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 2.09 earnings per share for the current year.

Steven Madden Announces Dividend

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

Hedge Funds Weigh In On Steven Madden

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 during the period. Wellington Management Group LLP grew its holdings in 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 during the period. Invesco Ltd. grew its holdings in Steven Madden by 15.2% during the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock valued at $115,965,000 after purchasing an additional 367,459 shares during the period. Capital Research Global Investors grew its holdings in Steven Madden by 14.0% during the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock valued at $91,077,000 after purchasing an additional 334,058 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Steven Madden by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock valued at $82,046,000 after purchasing an additional 41,947 shares during the period. 99.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SHOO. Needham & Company LLC upped their target price on Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and issued a $40.00 target price (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday, February 26th. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Steven Madden has a consensus rating of “Hold” and an average target price of $43.88.

Steven Madden Company 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.