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 that occurred on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the transaction, the director owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 shares were sold at an average price of $33.44, for a total value of $120,384.00.

Steven Madden Stock Up 2.1%

NASDAQ:SHOO traded up $0.87 during trading hours on Thursday, reaching $41.35. 1,016,354 shares of the stock were exchanged, compared to its average volume of 1,339,224. Steven Madden, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.88. 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 firm has a 50 day moving average of $36.44 and a 200 day moving average of $39.26. The stock has a market cap of $3.02 billion, a PE ratio of 39.38 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO) last released 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 return on equity of 12.29% and a net margin of 2.89%.The firm had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s revenue 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, equities analysts expect that Steven Madden, Ltd. will post 2.1 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SHOO shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Thursday, February 26th. Williams Trading set a $48.00 price objective on Steven Madden in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Steven Madden has an average rating of “Hold” and an average target price of $43.88.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SHOO. Scopus Asset Management L.P. bought a new position in shares of Steven Madden in the third quarter worth $36,451,000. Boston Partners bought a new position in shares of Steven Madden in the third quarter worth $33,319,000. Invesco Ltd. increased its position in shares of Steven Madden by 50.5% in the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after purchasing an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC increased its position in shares of Steven Madden by 155.9% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock worth $31,974,000 after purchasing an additional 581,745 shares during the period. Finally, Millennium Management LLC increased its position in shares of Steven Madden by 1,170.4% in the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after purchasing an additional 568,477 shares during the period. Institutional investors own 99.88% of the company’s stock.

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.