Steven Madden (NASDAQ:SHOO) Insider Sells $230,276.78 in Stock

Steven Madden, Ltd. (NASDAQ:SHOO) insider Christina Ciglar sold 5,147 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the sale, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Steven Madden Stock Performance

NASDAQ SHOO opened at $46.15 on Friday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 43.95 and a beta of 1.15. Steven Madden, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.88. The stock has a fifty day simple moving average of $40.06 and a 200 day simple moving average of $40.04. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.Steven Madden’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. 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 EPS for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. BTIG Research restated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Thursday, June 4th. Williams Trading set a $48.00 price objective on Steven Madden in a report on Tuesday, March 10th. Zacks Research upgraded Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.13.

Institutional Trading of Steven Madden

A number of institutional investors have recently bought and sold shares of SHOO. EverSource Wealth Advisors LLC boosted its position in Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 485 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Steven Madden during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in Steven Madden during the third quarter valued at $31,000. Global Retirement Partners LLC boosted its position in Steven Madden by 1,064.3% during the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 745 shares during the last quarter. Finally, First Horizon Corp boosted its position in Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during 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.