Steven Madden (NASDAQ:SHOO) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

Steven Madden, Ltd. (NASDAQ:SHOO) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $41.86 and traded as high as $46.17. Steven Madden shares last traded at $45.58, with a volume of 968,852 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on SHOO. Piper Sandler set a $55.00 price target on Steven Madden and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Williams Trading set a $56.00 price objective on Steven Madden in a report on Monday, August 3rd. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Monday, July 27th. Capital One Financial set a $60.00 target price on shares of Steven Madden in a report on Tuesday, September 8th. Finally, Wall Street Zen lowered shares of Steven Madden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Steven Madden Price Performance

The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $45.03 and a 200 day moving average price of $41.94. The company has a market capitalization of $3.23 billion, a P/E ratio of 22.21 and a beta of 1.17.

Steven Madden (NASDAQ:SHOO) last posted its earnings results 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 return on equity of 13.85% and a net margin of 5.23%.The business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. During the same period in the previous year, the firm earned $0.20 EPS. The firm’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. On average, equities analysts predict that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden’s payout ratio is presently 42.21%.

Insider Buying and Selling

In other news, Director Al Ferrara sold 3,918 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value of $189,082.68. Following the transaction, the director owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arian Reed sold 1,250 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the transaction, the director owned 8,196 shares in the company, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,086 shares of company stock valued at $440,212. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

Several institutional investors have recently added to or reduced their stakes in the company. City Center Advisors LLC acquired a new position in Steven Madden in the 3rd quarter valued at $336,000. Central Pacific Bank Trust Division lifted its holdings in shares of Steven Madden by 16.6% during the third quarter. Central Pacific Bank Trust Division now owns 4,492 shares of the textile maker’s stock worth $201,000 after buying an additional 640 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Steven Madden by 17.0% in the third quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker’s stock valued at $159,000 after acquiring an additional 516 shares during the period. Engineers Gate Manager LP boosted its position in shares of Steven Madden by 61.5% in the second quarter. Engineers Gate Manager LP now owns 12,111 shares of the textile maker’s stock valued at $510,000 after acquiring an additional 4,611 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Steven Madden in the second quarter valued at about $32,000. 99.88% of the stock is currently owned by institutional investors.

About Steven Madden

Steven Madden, Ltd. is a footwear and fashion accessories company that designs, sources and markets products under a portfolio of proprietary and licensed brands. Its offerings include women’s, men’s and children’s footwear, handbags, accessories, apparel and related lifestyle products. The company’s best-known brand is Steve Madden, complemented by brands such as Dolce Vita, Betsey Johnson, Freebird and Mad Love.

The company sells its products through multiple channels, including department stores, specialty retailers, mass-market merchants, company-operated retail locations and e-commerce platforms.