Steven Madden, Ltd. $SHOO Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its holdings in Steven Madden, Ltd. (NASDAQ:SHOO) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 434,736 shares of the textile maker’s stock after selling 19,876 shares during the quarter. Systematic Financial Management LP owned 0.59% of Steven Madden worth $14,746,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Steven Madden by 18.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after buying an additional 528,829 shares in the last quarter. Invesco Ltd. boosted its position in Steven Madden by 15.2% in the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock valued at $115,965,000 after buying an additional 367,459 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Steven Madden by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after acquiring an additional 41,947 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Steven Madden by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,271,827 shares of the textile maker’s stock worth $52,959,000 after acquiring an additional 5,288 shares in the last quarter. Finally, Nuveen LLC grew its stake in shares of Steven Madden by 7.7% in the fourth quarter. Nuveen LLC now owns 1,225,742 shares of the textile maker’s stock worth $51,040,000 after acquiring an additional 87,450 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHOO. Needham & Company LLC upped their price objective on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. BTIG Research reiterated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday, June 4th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. UBS Group restated a “neutral” rating and set a $40.00 price target (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Finally, Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One research 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 company’s stock. According to MarketBeat.com, Steven Madden currently has an average rating of “Moderate Buy” and an average target price of $45.12.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of Steven Madden 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 completion of the sale, the insider directly owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the transaction, the director directly owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,270 shares of company stock worth $276,992 in the last three months. 2.21% of the stock is currently owned by corporate insiders.

Steven Madden Trading Up 1.6%

NASDAQ SHOO opened at $42.75 on Friday. Steven Madden, Ltd. has a 52 week low of $22.26 and a 52 week high of $47.10. The firm has a 50 day moving average of $42.64 and a two-hundred day moving average of $39.94. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.12 billion, a PE ratio of 40.71 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $653.10 million for 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 revenue was up 18.0% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, research analysts expect that Steven Madden, Ltd. will post 2.1 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 8th. Steven Madden’s dividend payout ratio is 80.00%.

Steven Madden 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.