Steven Madden (NASDAQ:SHOO) Director Al Ferrara Sells 3,918 Shares of Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the sale, the director directly owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Steven Madden Price Performance

Shares of SHOO stock opened at $48.86 on Wednesday. Steven Madden, Ltd. has a 52-week low of $24.50 and a 52-week high of $49.15. The stock has a market cap of $3.58 billion, a PE ratio of 24.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The firm’s 50 day moving average price is $43.36 and its two-hundred day moving average price is $39.96.

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

Steven Madden Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Telsey Advisory Group increased their target price on Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Needham & Company LLC boosted their target price on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Williams Trading set a $56.00 price target on Steven Madden in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $50.00 price target on shares of Steven Madden in a research report on Friday. Finally, Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.12.

Institutional Trading of Steven Madden

Several hedge funds have recently added to or reduced their stakes in SHOO. GAMMA Investing LLC raised its stake in Steven Madden by 2.6% during the 2nd quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock worth $420,000 after buying an additional 257 shares during the period. Public Employees Retirement System of Ohio grew its stake in Steven Madden by 13.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 283 shares during the period. Oregon Public Employees Retirement Fund grew its stake 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 acquiring an additional 300 shares during the period. First Horizon Corp increased its holdings in shares of Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after acquiring an additional 317 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Steven Madden by 2.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock worth $572,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

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.