Steven Madden (NASDAQ:SHOO) Stock Crosses Above 200-Day Moving Average – Time to Sell?
by Jessica Moore · The Cerbat GemSteven Madden, Ltd. (NASDAQ:SHOO – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.08 and traded as high as $42.76. Steven Madden shares last traded at $41.48, with a volume of 883,614 shares trading hands.
Analyst Upgrades and Downgrades
SHOO has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Williams Trading set a $48.00 price target on shares of Steven Madden in a research report on Tuesday, March 10th. UBS Group restated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Needham & Company LLC lifted their target price on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.12.
Read Our Latest Stock Report on SHOO
Steven Madden Stock Performance
The business’s fifty day moving average price is $41.40 and its 200-day moving average price is $40.10. The stock has a market cap of $3.16 billion, a PE ratio of 41.16 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23.
Steven Madden (NASDAQ:SHOO – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $653.10 million during the quarter, compared to analysts’ expectations of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities research analysts forecast that Steven Madden, Ltd. will post 2.09 EPS for the current fiscal year.
Steven Madden Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s payout ratio is currently 80.00%.
Insider Buying and Selling at Steven Madden
In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the transaction, the insider owned 35,200 shares of the company’s stock, valued at approximately $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the transaction, the director directly owned 8,057 shares in the company, valued at approximately $322,038.29. This represents a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,270 shares of company stock worth $276,992 over the last three months. Insiders own 2.21% of the company’s stock.
Institutional Investors Weigh In On Steven Madden
Several hedge funds and other institutional investors have recently made changes to their positions in SHOO. Los Angeles Capital Management LLC purchased a new position in shares of Steven Madden in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC increased its holdings 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 buying an additional 745 shares during the last quarter. First Horizon Corp increased its holdings 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 buying an additional 317 shares during the last quarter. Farther Finance Advisors LLC raised 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 worth $41,000 after acquiring an additional 435 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Steven Madden in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.
About Steven Madden
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.