Steven Madden (NASDAQ:SHOO) Insider Christina Ciglar Sells 5,147 Shares

Steven Madden, Ltd. (NASDAQ:SHOO) insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the completion of the transaction, the insider owned 35,200 shares in the company, valued at $1,574,848. This represents a 12.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Madden Stock Down 1.6%

SHOO stock traded down $0.73 during trading on Wednesday, reaching $44.23. The stock had a trading volume of 707,946 shares, compared to its average volume of 1,298,493. The company has a market capitalization of $3.23 billion, a P/E ratio of 42.12 and a beta of 1.15. The firm has a fifty day moving average price of $39.34 and a 200 day moving average price of $39.91. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. Steven Madden, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.88.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business 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 for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, equities 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. Stockholders of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio is 80.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SHOO. AQR Capital Management LLC bought a new position in Steven Madden in the 1st quarter worth about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 valued at $1,143,000 after acquiring an additional 1,437 shares during the period. Millennium Management LLC increased its stake in shares of Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $5,388,000 after acquiring an additional 10,603 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Steven Madden by 273.1% during the first quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after acquiring an additional 115,284 shares during the period. Institutional investors own 99.88% of the company’s stock.

Wall Street Analysts Forecast Growth

SHOO has been the topic of a number of recent analyst reports. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, June 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday. Williams Trading set a $48.00 price objective on shares of Steven Madden in a research note on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Steven Madden has an average rating of “Hold” and a consensus 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.