Investors Purchase High Volume of Steven Madden Call Options (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) was the target of unusually large options trading on Thursday. Traders bought 6,807 call options on the company. This represents an increase of approximately 245% compared to the typical daily volume of 1,971 call options.

Steven Madden Stock Performance

Shares of SHOO stock traded up $1.33 during trading hours on Thursday, reaching $40.35. 306,991 shares of the company’s stock were exchanged, compared to its average volume of 1,291,237. 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’s 50 day moving average is $41.68 and its two-hundred day moving average is $39.91. The company has a market cap of $2.95 billion, a P/E ratio of 38.49 and a beta of 1.15. Steven Madden has a 1 year low of $22.26 and a 1 year high of $47.10.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business had revenue of $653.10 million for the quarter, compared to analysts’ expectations of $646.64 million. During the same period in the prior year, the company posted $0.60 EPS. The business’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. Equities research analysts anticipate that Steven Madden will post 2.09 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Steven Madden’s payout ratio is presently 80.00%.

Insider Activity

In other news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the sale, the insider directly owned 35,200 shares of the company’s stock, valued at approximately $1,574,848. The trade was a 12.76% 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 Simone Reed sold 648 shares of the firm’s stock in a transaction that occurred 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 $322,038.29. This represents a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,270 shares of company stock valued at $276,992 over the last three months. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Steven Madden in the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC lifted its stake in Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp grew its holdings in Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after buying an additional 317 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Steven Madden by 79.4% during 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 last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHOO has been the topic of several research reports. Needham & Company LLC raised their price objective on shares of 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 reissued a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Thursday, June 4th. Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, UBS Group reaffirmed a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.12.

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.