Neumeier Poma Investment Counsel LLC Buys Shares of 1,185,049 Steven Madden, Ltd. $SHOO

Neumeier Poma Investment Counsel LLC bought a new stake in shares of Steven Madden, Ltd. (NASDAQ:SHOO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,185,049 shares of the textile maker’s stock, valued at approximately $49,890,563. Steven Madden makes up 0.0% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 9th biggest position. Neumeier Poma Investment Counsel LLC owned approximately 1.62% of Steven Madden at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Steven Madden during the fourth quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in Steven Madden by 1,064.3% during the 4th 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 period. Farther Finance Advisors LLC lifted its holdings in shares of Steven Madden by 79.4% during the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after buying an additional 435 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Steven Madden during the fourth quarter worth $43,000. Institutional investors own 99.88% of the company’s stock.

Insider Activity at Steven Madden

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director owned 26,197 shares of the company’s stock, valued at $1,264,267.22. The trade was a 13.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arian Simone Reed sold 1,250 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the sale, the director owned 8,196 shares of the company’s stock, valued at $399,636.96. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,708 shares of company stock worth $691,304 in the last 90 days. 2.21% of the stock is owned by corporate insiders.

Steven Madden Price Performance

Shares of Steven Madden stock traded down $0.05 during trading on Friday, reaching $44.64. 212,566 shares of the stock traded hands, compared to its average volume of 1,215,678. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 22.43 and a beta of 1.14. Steven Madden, Ltd. has a 52-week low of $28.55 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The business has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $40.40.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is 42.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SHOO shares. Citigroup restated a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. Wall Street Zen upgraded Steven Madden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. UBS Group reissued a “neutral” rating and issued a $45.00 price target (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Monday, July 27th. Five 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. According to data from MarketBeat, Steven Madden has a consensus rating of “Hold” and a consensus price target of $49.75.

Steven Madden 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.