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

Steven Madden, Ltd. (NASDAQ:SHOO) insider Christina Ciglar sold 5,147 shares of the company’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 transaction, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Steven Madden Stock Up 3.8%

Steven Madden stock opened at $45.89 on Friday. The company has a 50-day simple moving average of $39.81 and a 200-day simple moving average of $39.99. The firm has a market capitalization of $3.35 billion, a P/E ratio of 43.71 and a beta of 1.15. 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, Ltd. has a one year low of $22.26 and a one year high of $46.88.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results 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 business had revenue of $653.10 million during 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 quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities analysts expect that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Steven Madden’s dividend payout ratio is currently 80.00%.

Institutional Investors Weigh In On Steven Madden

Several institutional investors have recently bought and sold shares of SHOO. Scopus Asset Management L.P. acquired a new stake in Steven Madden in the third quarter worth about $36,451,000. Boston Partners acquired a new stake in Steven Madden in the third quarter worth about $33,319,000. Invesco Ltd. lifted its holdings in Steven Madden by 50.5% in the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after purchasing an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC lifted its holdings in Steven Madden by 155.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after acquiring an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHOO. Needham & Company LLC upped their price target on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. UBS Group reaffirmed a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Finally, Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Five equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.88.

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.