Key Points
- Director Arian Simone Reed sold 475 shares of Steven Madden stock on June 4 at an average price of $43.82, reducing her position by 4.31% and leaving her with 10,546 shares.
- Reed has also sold shares recently on May 20 and March 12, indicating a pattern of insider selling in the stock over the past few months.
- Steven Madden shares were up 1.5% and the company reported solid quarterly results, with EPS and revenue both beating expectations; it also announced a $0.21 quarterly dividend payable June 19.
Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) Director Arian Simone Reed sold 475 shares of Steven Madden stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $43.82, for a total value of $20,814.50. Following the transaction, the director directly owned 10,546 shares of the company's stock, valued at $462,125.72. The trade was a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value of $25,900.56.
- On Thursday, March 12th, Arian Simone Reed sold 3,600 shares of Steven Madden stock. The stock was sold at an average price of $33.44, for a total value of $120,384.00.
Steven Madden Stock Up 1.5%
Shares of NASDAQ SHOO opened at $44.44 on Friday. Steven Madden, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.88. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 42.32 and a beta of 1.15. The business has a 50-day moving average of $38.66 and a 200-day moving average of $39.74.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The company had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Steven Madden'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. Sell-side analysts expect that Steven Madden, Ltd. will post 2.09 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden's payout ratio is presently 80.00%.
Institutional Trading of Steven Madden
Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Steven Madden in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC boosted its stake in Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker's stock worth $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp boosted its stake in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker's stock worth $37,000 after buying an additional 317 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Steven Madden in the third quarter worth approximately $31,000. Finally, Farther Finance Advisors LLC lifted its position in Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker's stock valued at $41,000 after purchasing an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on SHOO. Jefferies Financial Group lowered Steven Madden from a "hold" rating to an "underperform" rating and set a $30.00 price objective for the company. in a report on Thursday, February 5th. UBS Group reissued a "neutral" rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Needham & Company LLC boosted their price objective on 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 lowered Steven Madden from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Finally, BTIG Research reaffirmed a "buy" rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday. 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.88.
Read Our Latest Research Report on Steven Madden
About Steven Madden
(
Get Free Report)
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.
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