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

Steven Madden, Ltd. (NASDAQ:SHOO) insider Christina Ciglar sold 5,147 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 in the company, valued at $1,574,848. This represents a 12.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Steven Madden Price Performance

Shares of NASDAQ SHOO traded down $0.73 during mid-day trading on Wednesday, reaching $44.23. 707,946 shares of the company traded hands, compared to its average volume of 1,298,493. Steven Madden, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. The firm has a market cap of $3.23 billion, a PE ratio of 42.12 and a beta of 1.15. The stock has a fifty day simple moving average of $39.34 and a 200-day simple moving average of $39.91.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 2.89% and a return on equity of 12.29%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities research analysts anticipate that Steven Madden, Ltd. will post 2.09 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

Hedge Funds Weigh In On Steven Madden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Steven Madden in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC lifted its position in Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp lifted its position in Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Steven Madden in the 3rd quarter worth approximately $31,000. Finally, Farther Finance Advisors LLC lifted its position in Steven Madden by 79.4% in the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Analyst Ratings Changes

SHOO has been the subject of a number of research reports. Needham & Company LLC raised their target price on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a report on Thursday, February 26th. Williams Trading set a $48.00 price objective on shares of Steven Madden in a research note on Tuesday, March 10th. Finally, Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.