Steven Madden (NASDAQ:SHOO) Director Sells 3,918 Shares

Steven Madden, Ltd. (NASDAQ:SHOO) Director Mitchell Klipper sold 3,918 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the sale, the director directly owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Steven Madden Stock Up 0.4%

Shares of Steven Madden stock traded up $0.21 on Wednesday, hitting $49.07. The company had a trading volume of 1,223,637 shares, compared to its average volume of 1,268,271. The firm has a market capitalization of $3.59 billion, a P/E ratio of 24.66 and a beta of 1.14. Steven Madden, Ltd. has a twelve month low of $24.50 and a twelve month high of $49.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The stock has a 50-day moving average of $43.36 and a 200-day moving average of $39.96.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.11. The company had revenue of $665.87 million during 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%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Research analysts predict that Steven Madden, Ltd. will post 2.14 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Steven Madden’s payout ratio is 42.21%.

Analyst Ratings Changes

SHOO has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday. Citigroup reaffirmed a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.75.

Institutional Investors Weigh In On Steven Madden

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised 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 period. Los Angeles Capital Management LLC bought a new stake in shares of Steven Madden during the 4th quarter worth about $30,000. Global Retirement Partners LLC grew 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 during the last quarter. First Horizon Corp boosted its holdings in shares of Steven Madden by 55.1% during the fourth 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. Finally, Farther Finance Advisors LLC increased its stake in shares of Steven Madden by 79.4% during the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after purchasing 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.