Arian Simone Reed Sells 475 Shares of Steven Madden (NASDAQ:SHOO) Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 475 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $43.82, for a total value of $20,814.50. Following the completion of the transaction, the director directly owned 10,546 shares in the company, valued at $462,125.72. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $25,900.56.
• On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The shares were sold at an average price of $33.44, for a total value of $120,384.00.

Steven Madden Stock Performance

SHOO stock opened at $44.03 on Friday. The stock has a market capitalization of $3.22 billion, a PE ratio of 41.93 and a beta of 1.15. Steven Madden, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.88. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $39.77.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $653.10 million for the quarter, compared to analysts’ expectations of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, research analysts forecast that Steven Madden, Ltd. will post 2.09 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

Institutional Investors Weigh In On Steven Madden

Several hedge funds and other institutional investors have recently modified their holdings of SHOO. Kingsview Wealth Management LLC purchased a new stake in Steven Madden in the 4th quarter worth $4,201,000. Broad Peak Investment Advisers Pte Ltd purchased a new stake in Steven Madden in the 4th quarter worth $3,348,000. Vanguard Group Inc. increased its stake in Steven Madden by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock worth $277,342,000 after buying an additional 200,013 shares in the last quarter. William Blair Investment Management LLC increased its stake in Steven Madden by 7.1% in the 3rd quarter. William Blair Investment Management LLC now owns 725,449 shares of the textile maker’s stock worth $24,288,000 after buying an additional 48,234 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Steven Madden by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 283,370 shares of the textile maker’s stock worth $9,487,000 after buying an additional 35,779 shares in the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHOO. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Telsey Advisory Group reissued an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a report on Thursday, February 26th. Williams Trading set a $48.00 price target on Steven Madden in a report on Tuesday, March 10th. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Thursday. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.88.

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.