Insider Selling: Steven Madden (NASDAQ:SHOO) Director Sells $60,950.00 in Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 1,250 shares of the firm’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 of the company’s stock, valued at $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 4th, Arian Simone Reed sold 475 shares of Steven Madden stock. The shares were sold at an average price of $43.82, for a total transaction of $20,814.50.
• On Wednesday, May 20th, Arian Simone Reed sold 648 shares of Steven Madden stock. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56.

Steven Madden Trading Up 0.4%

Shares of SHOO traded up $0.21 during mid-day trading on Wednesday, reaching $49.07. The stock had a trading volume of 1,223,637 shares, compared to its average volume of 1,268,271. Steven Madden, Ltd. has a 52-week low of $24.50 and a 52-week high of $49.32. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 24.66 and a beta of 1.14. The business’s fifty day moving average is $43.36 and its 200 day moving average is $39.96. 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 earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The company had revenue of $665.87 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, sell-side analysts predict that Steven Madden, Ltd. will post 2.14 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued 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 is currently 42.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SHOO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Friday, July 17th. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. UBS Group restated a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Telsey Advisory Group upped their price target on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.75.

Institutional Investors Weigh In On Steven Madden

A number of large investors have recently modified their holdings of SHOO. Los Angeles Capital Management LLC purchased a new stake in shares of Steven Madden during the 4th quarter worth $30,000. Global Retirement Partners LLC boosted its position in shares of 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 in the last quarter. First Horizon Corp increased its holdings in shares of Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 435 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Steven Madden in the 4th quarter valued at $43,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

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.