Steven Madden, Ltd. $SHOO Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 42.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,847 shares of the textile maker’s stock after selling 11,775 shares during the quarter. State of Alaska Department of Revenue’s holdings in Steven Madden were worth $709,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH boosted its stake in Steven Madden by 13.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock worth $28,903,000 after purchasing an additional 77,108 shares during the period. GAMMA Investing LLC increased its stake in Steven Madden by 6.6% in the third quarter. GAMMA Investing LLC now owns 10,639 shares of the textile maker’s stock valued at $476,000 after purchasing an additional 655 shares during the period. City Center Advisors LLC acquired a new position in Steven Madden in the third quarter valued at $336,000. Central Pacific Bank Trust Division increased its stake in Steven Madden by 16.6% in the third quarter. Central Pacific Bank Trust Division now owns 4,492 shares of the textile maker’s stock valued at $201,000 after purchasing an additional 640 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Steven Madden by 17.0% in the third quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker’s stock valued at $159,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Stock Performance

NASDAQ:SHOO opened at $44.42 on Friday. The firm’s fifty day moving average price is $44.33 and its 200 day moving average price is $42.82. Steven Madden, Ltd. has a 1-year low of $31.33 and a 1-year high of $49.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 22.32 and a beta of 1.17.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. The company had revenue of $665.87 million for the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. Steven Madden’s revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, sell-side analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden’s payout ratio is presently 42.21%.

Insider Activity

In related news, Director Arian Reed sold 1,250 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at $399,636.96. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Al Ferrara sold 3,918 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the transaction, the director directly owned 26,197 shares of the company’s stock, valued at $1,264,267.22. This represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 over the last quarter. Corporate insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Citigroup reissued a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday, August 3rd. UBS Group reaffirmed a “neutral” rating and set a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Capital One Financial set a $60.00 price objective on Steven Madden in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.