Steven Madden (NASDAQ:SHOO) Shares Cross Above 200 Day Moving Average – Here’s Why

Steven Madden, Ltd. (NASDAQ:SHOO) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $41.32 and traded as high as $45.23. Steven Madden shares last traded at $44.90, with a volume of 1,128,205 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Williams Trading set a $56.00 price objective on shares of Steven Madden in a research note on Monday, August 3rd. Wall Street Zen lowered Steven Madden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. BMO Capital Markets began coverage on Steven Madden in a report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price objective for the company. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research report on Friday, July 31st. Finally, Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. 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 issued a Sell rating to the company. According to MarketBeat.com, Steven Madden currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Steven Madden Stock Performance

The company has a market capitalization of $3.27 billion, a P/E ratio of 22.46 and a beta of 1.15. The company’s 50 day moving average is $44.77 and its 200-day moving average is $41.39. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. The business had revenue of $665.87 million for 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%. Steven Madden’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities analysts anticipate that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Dividend Announcement

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

Insider Buying and Selling

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value 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. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arian Reed sold 1,250 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,086 shares of company stock worth $440,212 in the last 90 days. Insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Steven Madden

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Steven Madden by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock valued at $79,819,000 after purchasing an additional 99,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Steven Madden during the second quarter valued at approximately $49,890,563. Bank of America Corp DE increased its position in shares of Steven Madden by 4.9% during the first quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock valued at $25,495,000 after acquiring an additional 35,259 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Steven Madden by 58.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 708,053 shares of the textile maker’s stock worth $24,017,000 after acquiring an additional 262,000 shares during the last quarter. Finally, Nixon Capital LLC lifted its position in Steven Madden by 0.3% in the 4th quarter. Nixon Capital LLC now owns 707,499 shares of the textile maker’s stock valued at $29,460,000 after acquiring an additional 1,849 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.