Steven Madden (NASDAQ:SHOO) Director Sells $189,082.68 in Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Al Ferrara sold 3,918 shares of the firm’s 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 completion of the sale, the director directly owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Steven Madden Trading Up 2.5%

Shares of NASDAQ:SHOO traded up $1.18 during trading hours on Tuesday, hitting $48.86. 1,711,438 shares of the company’s stock traded hands, compared to its average volume of 1,268,162. The firm has a market capitalization of $3.57 billion, a P/E ratio of 24.55 and a beta of 1.15. The business has a fifty day moving average price of $43.24 and a 200-day moving average price of $39.94. Steven Madden, Ltd. has a 1 year low of $24.50 and a 1 year high of $49.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The firm had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities analysts expect that Steven Madden, Ltd. will post 2.14 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.7%. Steven Madden’s dividend payout ratio (DPR) is presently 42.21%.

Institutional Investors Weigh In On Steven Madden

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

Analysts Set New Price Targets

Several research firms have recently weighed in on SHOO. Telsey Advisory Group lifted their target price on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Williams Trading set a $56.00 price objective on shares of Steven Madden in a research report on Monday. Finally, Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.12.

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.