Arian Simone Reed Sells 648 Shares of Steven Madden (NASDAQ:SHOO) Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction on 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 owned 8,057 shares in the company, valued at approximately $322,038.29. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arian Simone Reed also recently made the following trade(s):

• On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The stock was sold at an average price of $33.44, for a total value of $120,384.00.

Steven Madden Stock Up 1.4%

Shares of SHOO stock opened at $41.93 on Friday. Steven Madden, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.88. The stock’s fifty day moving average price is $36.73 and its 200 day moving average price is $39.33. 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 company has a market cap of $3.06 billion, a price-to-earnings ratio of 39.93 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The firm had revenue of $653.10 million for the quarter, compared to the consensus estimate of $646.64 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, research analysts expect that Steven Madden, Ltd. will post 2.1 earnings per share 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 8th. Steven Madden’s payout ratio is 80.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SHOO shares. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. BTIG Research restated a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Thursday, April 30th. Needham & Company LLC boosted their target price on Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Williams Trading set a $48.00 price target on Steven Madden in a research report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Steven Madden presently has an average rating of “Hold” and a consensus target price of $43.88.

Institutional Trading of Steven Madden

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

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.