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

State of Alaska Department of Revenue lowered its position in Steven Madden, Ltd. (NASDAQ:SHOO) by 42.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHOO. Dimensional Fund Advisors LP increased its position in shares of Steven Madden by 4.4% in 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 acquired a new stake in shares of Steven Madden in the 2nd quarter valued at $49,890,563. Fort Washington Investment Advisors Inc. OH lifted its position in shares of 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 last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Steven Madden during the 2nd quarter worth $25,618,000. Finally, Bank of America Corp DE lifted its position in shares of Steven Madden by 4.9% during the 1st quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock worth $25,495,000 after purchasing an additional 35,259 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analyst Ratings Changes

SHOO has been the subject of a number of analyst reports. Telsey Advisory Group boosted their target price on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a research note on Monday, August 3rd. Wall Street Zen raised Steven Madden from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Piper Sandler set a $55.00 price target on Steven Madden and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Capital One Financial set a $60.00 price objective on Steven Madden in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.

Insiders Place Their Bets

In other news, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arian Reed sold 1,250 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were 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 of the company’s stock, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,086 shares of company stock valued at $440,212. 2.21% of the stock is currently owned by insiders.

Steven Madden Stock Down 0.6%

Shares of NASDAQ:SHOO opened at $44.42 on Friday. The firm has a 50 day simple moving average of $44.33 and a 200-day simple moving average of $42.82. Steven Madden, Ltd. has a twelve month low of $31.33 and a twelve month high of $49.70. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.25 billion, a PE ratio of 22.32 and a beta of 1.17.

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

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were issued a dividend of $0.21 per share. 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 dividend payout ratio (DPR) is presently 42.21%.

Steven Madden 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.