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

Steven Madden, Ltd. (NASDAQ:SHOO) Director Arian Simone Reed sold 475 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $43.82, for a total transaction of $20,814.50. Following the sale, 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 is available at 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 transaction 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 transaction of $120,384.00.

Steven Madden Price Performance

Shares of SHOO opened at $44.44 on Friday. The firm has a market capitalization of $3.25 billion, a PE ratio of 42.32 and a beta of 1.15. The company’s 50-day moving average is $38.66 and its 200-day moving average is $39.74. Steven Madden, Ltd. has a fifty-two week low of $22.26 and a fifty-two week 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.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data 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. The company had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities analysts forecast that Steven Madden, Ltd. will post 2.09 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio is 80.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday. Needham & Company LLC increased their target price on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in Steven Madden by 13.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after buying an additional 283 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after buying an additional 300 shares in the last quarter. First Horizon Corp grew its holdings in Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after buying an additional 317 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Steven Madden by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock valued at $572,000 after buying an additional 321 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Steven Madden by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after buying an additional 378 shares in the last quarter. Institutional investors 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.