Steven Madden (NASDAQ:SHOO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemSteven Madden, Ltd. (NASDAQ:SHOO – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.70 and traded as high as $42.86. Steven Madden shares last traded at $41.56, with a volume of 1,168,832 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on SHOO shares. Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Capital One Financial set a $60.00 target price on shares of Steven Madden in a research note on Tuesday. Needham & Company LLC increased their price target on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Telsey Advisory Group raised their price target on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets began coverage on shares of Steven Madden in a report on Tuesday. They set an “outperform” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Steven Madden has a consensus rating of “Moderate Buy” and a consensus price target of $51.80.
Read Our Latest Report on SHOO
Steven Madden Stock Up 3.3%
The business has a 50 day moving average of $44.46 and a 200 day moving average of $40.71. 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 firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 21.57 and a beta of 1.15.
Steven Madden (NASDAQ:SHOO – Get Free Report) last issued its earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. The firm had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities analysts anticipate that Steven Madden, Ltd. will post 2.15 EPS for the current year.
Steven Madden Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Steven Madden’s payout ratio is presently 42.21%.
Insider Buying and Selling
In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the transaction, the director owned 26,197 shares in the company, valued at $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mitchell Klipper sold 3,918 shares of Steven Madden stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total value of $190,179.72. Following the sale, the director directly owned 32,555 shares in the company, valued at $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,086 shares of company stock valued at $440,212 over the last quarter. Corporate insiders own 2.21% of the company’s stock.
Institutional Trading of Steven Madden
Institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP lifted its holdings in shares of Steven Madden by 61.5% during 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. Integrated Wealth Concepts LLC bought a new stake in shares of Steven Madden in the 2nd quarter worth about $32,000. Nykredit A S acquired a new stake in shares of Steven Madden during the 2nd quarter worth about $128,000. California State Teachers Retirement System lifted its holdings in Steven Madden by 3,989.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,481,039 shares of the textile maker’s stock valued at $146,552,000 after purchasing an additional 3,395,911 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Steven Madden during the 2nd quarter valued at about $312,000. Institutional investors and hedge funds own 99.88% of the company’s stock.
About Steven Madden
Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.
The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.