Insider Selling: Steven Madden (NASDAQ:SHOO) Director Sells $25,900.56 in Stock

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56. Following the transaction, the director owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $120,384.00.

Steven Madden Price Performance

NASDAQ:SHOO opened at $41.93 on Friday. The stock has a market cap of $3.06 billion, a P/E ratio of 39.93 and a beta of 1.12. Steven Madden, Ltd. has a one year low of $22.26 and a one year high of $46.88. The company has a fifty day moving average price of $36.73 and a 200 day moving average price of $39.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $646.64 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’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. Analysts anticipate that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Ratings Changes

SHOO has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, February 26th. Zacks Research upgraded shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC increased their target price on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group cut shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Thursday, February 5th. Five equities research 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 data from MarketBeat, Steven Madden currently has an average rating of “Hold” and an average target price of $43.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHOO. AQR Capital Management LLC bought a new position in Steven Madden during the first quarter worth about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Steven Madden by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after purchasing an additional 1,437 shares during the period. Millennium Management LLC lifted its stake in Steven Madden by 1,170.4% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Steven Madden by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after purchasing an additional 10,603 shares during the period. Finally, Jane Street Group LLC lifted its stake in Steven Madden by 273.1% during the first quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock worth $4,196,000 after purchasing an additional 115,284 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.