Steven Madden, Ltd. $SHOO Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Steven Madden stake by 71.5% in the second quarter, selling 355,956 shares and retaining 142,047 shares valued at approximately $5.98 million. Institutional investors and hedge funds collectively own 99.88% of the company.
• Steven Madden reported stronger-than-expected quarterly results, with EPS of $0.44 versus estimates of $0.33 and revenue of $665.87 million, up 19.1% year over year. The company set fiscal 2026 EPS guidance at $2.05–$2.15.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $51.80 versus its reported price of $42.93. The company also declared a quarterly dividend of $0.21 per share, yielding about 2.0% annually.

Squarepoint Ops LLC reduced its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) by 71.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,047 shares of the textile maker's stock after selling 355,956 shares during the quarter. Squarepoint Ops LLC owned about 0.19% of Steven Madden worth $5,980,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SHOO. Nykredit A S bought a new stake in shares of Steven Madden in the 2nd quarter worth $128,000. California State Teachers Retirement System grew its holdings in Steven Madden by 3,989.2% during the second quarter. California State Teachers Retirement System now owns 3,481,039 shares of the textile maker's stock worth $146,552,000 after acquiring an additional 3,395,911 shares during the period. iSAM Funds UK Ltd bought a new stake in Steven Madden in the second quarter worth about $312,000. Headlands Technologies LLC acquired a new stake in Steven Madden in the 2nd quarter valued at about $469,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Steven Madden during the 2nd quarter valued at about $95,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Stock Up 3.3%

NASDAQ:SHOO opened at $42.93 on Friday. The business's fifty day moving average price is $44.46 and its 200 day moving average price is $40.71. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 21.57 and a beta of 1.15. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. Steven Madden, Ltd. has a 1-year low of $30.53 and a 1-year high of $49.70.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 EPS 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 firm had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. During the same period last year, the company posted $0.20 EPS. The business's quarterly 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, sell-side analysts forecast that Steven Madden, Ltd. will post 2.15 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 11th. Steven Madden's dividend payout ratio (DPR) is currently 42.21%.

Insider Buying and Selling

In related news, Director Arian Reed sold 1,250 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the transaction, the director directly owned 8,196 shares of the company's stock, valued at approximately $399,636.96. The trade was a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Al Ferrara sold 3,918 shares of the company's stock in a transaction that occurred on 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 approximately $1,264,267.22. This represents a 13.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,086 shares of company stock worth $440,212. 2.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SHOO shares. Williams Trading set a $56.00 price objective on shares of Steven Madden in a research note on Monday, August 3rd. BTIG Research restated a "buy" rating and issued a $50.00 price target on shares of Steven Madden in a research report on Monday, July 27th. Citigroup restated a "buy" rating and issued a $55.00 price target (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Zacks Research cut Steven Madden from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, UBS Group reissued a "neutral" rating and set a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.80.

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.

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