Steven Madden (NASDAQ:SHOO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Steven Madden, Ltd. (NASDAQ:SHOO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SHOO shares. Needham & Company LLC upped their price target on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. UBS Group reissued a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Finally, Williams Trading set a $48.00 price target on Steven Madden in a report on Tuesday, March 10th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.12.

Steven Madden Trading Down 1.9%

The stock has a market capitalization of $3.03 billion, a P/E ratio of 39.51 and a beta of 1.15. The business’s fifty day simple moving average is $41.31 and its two-hundred day simple moving average is $40.08. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The company had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, analysts forecast that Steven Madden, Ltd. will post 2.09 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s payout ratio is currently 80.00%.

Insider Activity

In related news, insider Christina Ciglar sold 5,147 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider directly owned 35,200 shares in the company, valued at $1,574,848. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arian Simone Reed sold 648 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,270 shares of company stock worth $276,992. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Steven Madden

A number of institutional investors have recently modified their holdings of SHOO. Vanguard Group Inc. raised its position in shares of Steven Madden by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock worth $277,342,000 after acquiring an additional 200,013 shares during the last quarter. Wellington Management Group LLP raised its holdings in Steven Madden by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after purchasing an additional 528,829 shares during the period. Invesco Ltd. raised its stake in Steven Madden by 15.2% during the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after buying an additional 367,459 shares during the period. Capital Research Global Investors raised its position in shares of Steven Madden by 14.0% during the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after purchasing an additional 334,058 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Steven Madden by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after buying an additional 41,947 shares during the period. 99.88% of the stock is owned by institutional investors.

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.